Wednesday, July 22

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Crypto Satsuma unwinds its bitcoin treasury and delists from London, a warning for the DAT trade Personal Finance What is net asset value, and why funds trade at a premium or a discount Crypto Movement Labs files for Chapter 11 as the MOVE token scandal reaches its end Economy What Chapter 11 bankruptcy actually means, and who gets paid Tech OpenAI and Anthropic are spending more on Washington lobbying, and Anthropic leans defense Markets What is a SPAC? The blank-check company, explained Crypto A Tether-backed three-way bitcoin merger collapses, and Jack Mallers steps down Personal Finance How credit card interest actually works, and the grace period that makes it free Crypto Satsuma unwinds its bitcoin treasury and delists from London, a warning for the DAT trade Personal Finance What is net asset value, and why funds trade at a premium or a discount Crypto Movement Labs files for Chapter 11 as the MOVE token scandal reaches its end Economy What Chapter 11 bankruptcy actually means, and who gets paid Tech OpenAI and Anthropic are spending more on Washington lobbying, and Anthropic leans defense Markets What is a SPAC? The blank-check company, explained Crypto A Tether-backed three-way bitcoin merger collapses, and Jack Mallers steps down Personal Finance How credit card interest actually works, and the grace period that makes it free

Topic: delisting

The London Stock Exchange

Wednesday, 7/22, 01:12 AM

Satsuma unwinds its bitcoin treasury and delists from London, a warning for the DAT trade

Shareholders of the London-listed Satsuma voted on July 21 to sell the company's 668 bitcoin, worth about $43.5 million, and cancel its stock listing.
The company had raised £163.6 million barely a year earlier to build a bitcoin treasury.
Its shares then fell more than 99%, until owning the stock was worth less than the coins it held.

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