Satsuma Technology crashes 99% and liquidates BTC treasury

Satsuma Technology, a company that pivoted to a Bitcoin treasury strategy, has seen its value drop 99% from its 2025 peak. The firm has liquidated its entire holding of 669 BTC and suspended trading. While the company faces High Court of Justice procedures to distribute £30.7 million to shareholders, Chief Bitcoin Strategist Mark Moss stated that investors will receive the dollar value of their investment at the time of acceptance rather than the BTC itself. The company, formerly known as Streaks Gaming and Tao Alpha, is now seeking a new trading venue.