Strategy copycat Satsuma crashed 99%, liquidated treasury

British Strategy copycat, Satsuma Technology, which raised £168.9 million ($227.6 million) from noteholders at the height of the 2025 BTC treasury boom, has crashed 99% from its 2025 peak, sold all 669 of its BTC, and suspended trading.

On Monday, the company attempted to postpone its own delisting while it hunts for a new trading venue. It’s also under High Court of Justice procedures to disburse £30.7 million ($41.4 million) to shareholders by the end of September.

However, its Chief Bitcoin Strategist, Mark Moss, explained in an interview that, according to UK regulations, “We can’t give the investors back their BTC. We have to give them the dollar amount of the bitcoin when they accepted it.”

The company was worth over £120 million ($162 million) as recently as June 24, 2025.

What is Satsuma?

Incorporated in March 2021 as Streaks Gaming, it pivoted to AI as StreaksAI before hopping on the crypto bandwagon as Tao Alpha. Finally, it channeled the “sats” denomination of BTC as Satsuma Technology.

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