UK's Satsuma sells all 669 BTC and exits London Stock Exchange
- —All 669.4867 BTC were sold at an average price of 47,667 pounds per coin
- —Sale proceeds totaled 31.9 million pounds
- —Shareholders will receive 30.7 million pounds, with payouts completed by Oct. 28
- —Delisting from the London Stock Exchange is set for Oct. 14
Why it matters: It shows that a corporate bitcoin treasury can be fully liquidated and wound down at shareholders' request.
Source: Digital Today