[Satsuma Sells 669.49 Bitcoins, Returns £30.7189 Million to Shareholders]
UK-listed company Satsuma Technology has sold its entire reserve of 669.4867 Bitcoins at an average transaction price of £47,667 per Bitcoin, generating total proceeds of approximately £31.91 million. The UK High Court has approved the company’s plan to implement a capital reduction by canceling Class B shares, allowing it to return £30.718881 million to eligible shareholders, equivalent to £0.002734 per Class B share. The related payments are expected to be made no later than September 28, with the delisting from the London Stock Exchange anticipated to take effect on September 14. (Source: CryptoSlate)
