{"id":13172,"date":"2026-09-13T12:51:24","date_gmt":"2026-09-13T12:51:24","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=13172"},"modified":"2026-09-13T12:51:24","modified_gmt":"2026-09-13T12:51:24","slug":"satsuma-capital-return-court-approves-30-7m-payout","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=13172","title":{"rendered":"Satsuma capital return: court approves \u00a330.7m payout"},"content":{"rendered":"<p><\/p>\n<div data-cs-editorial-quote-scope=\"\" data-cs-image-viewer-scope=\"\" data-single-article-content=\"\">\n<p>Satsuma Technology said the High Court of Justice approved the cancellation of 11,235,874,700 B shares, authorizing the share-capital reduction behind a \u00a330,718,881 return to shareholders. The return is fixed at \u00a30.002734 per B share after the UK-listed company sold all 669 BTC it disclosed.<\/p>\n<p>The B shares are the mechanism for moving cash back to investors. Under the transaction structure, eligible investors received one B share for each ordinary share held at the record time. Canceling those B shares allows Satsuma to make the corresponding capital repayment while the ordinary shares proceed toward delisting.<\/p>\n<p>Shareholders had approved the capital return and delisting on July 20. That vote launched the sequence, but it did not itself complete the Bitcoin sale or satisfy the court condition attached to the reduction.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Bitcoin treasury troubles reach London as company votes to sell its entire BTC stack and delist<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<h2>From Bitcoin sale to fixed return<\/h2>\n<p>Satsuma sold the 669.4867 BTC between July 24 and July 31 at a net volume-weighted average realized price of \u00a347,667 per BTC, generating \u00a331,912,395. The company reported \u00a335,324,953 in cash at the record time, including cash held by its subsidiary.<\/p>\n<p>It calculated the B-share value after allowing for \u00a32.6 million of estimated transaction and termination costs and retaining \u00a32 million as working capital. In the Aug. 4 announcement, both the \u00a330,718,881 aggregate return and the \u00a30.002734 per-share amount were still explicitly conditional on High Court approval.<\/p>\n<aside id=\"cs-inline-newsletter-1\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\" data-newsletter-placement=\"article-midpoint\" data-newsletter-pending-label=\"Joining\u2026\" data-newsletter-pending-status=\"Joining the Daily Brief\u2026\" data-newsletter-email-required-message=\"Before sending, please provide your email address.\" aria-labelledby=\"cs-inline-newsletter-1-title\" aria-describedby=\"cs-inline-newsletter-1-copy\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\"> <i class=\"fa-regular fa-envelope\" aria-hidden=\"true\"\/> The Daily Brief <\/span><\/p>\n<h2 id=\"cs-inline-newsletter-1-title\" class=\"cs-inline-newsletter__title\">The signal, before the noise.<\/h2>\n<p id=\"cs-inline-newsletter-1-copy\" class=\"cs-inline-newsletter__copy\">Start your day with the crypto stories moving markets, decoded by CryptoSlate\u2019s editors.<\/p>\n<\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p class=\"cs-inline-newsletter__form-heading\">One email. Everything that matters.<\/p>\n<p id=\"cs-inline-newsletter-1-privacy\" class=\"cs-inline-newsletter__privacy\">Free to join. Unsubscribe any time.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<p> <i class=\"fa-regular fa-circle-check\" aria-hidden=\"true\"\/> <span><strong>You\u2019re on the list.<\/strong> Your next Daily Brief is on its way.<\/span><\/p>\n<\/div>\n<\/div>\n<\/aside>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-562021\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-238b5fdc-b01f-4a4e-abc6-736055a56173.png\" alt=\"Timeline of Satsuma\u2019s Bitcoin treasury unwind, showing the July shareholder approval and Bitcoin sale, the Sept. 8 court approval fixing a \u00a330,718,881.43 return at \u00a30.002734 per B share, and expected delisting and settlement dates.\" width=\"720\" height=\"900\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-238b5fdc-b01f-4a4e-abc6-736055a56173.png 1122w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-238b5fdc-b01f-4a4e-abc6-736055a56173-240x300.png 240w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-238b5fdc-b01f-4a4e-abc6-736055a56173-819x1024.png 819w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-238b5fdc-b01f-4a4e-abc6-736055a56173-768x960.png 768w\" sizes=\"(max-width: 720px) 100vw, 720px\"\/><img decoding=\"async\" class=\"lazyload aligncenter wp-image-562021\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-238b5fdc-b01f-4a4e-abc6-736055a56173.png\" alt=\"Timeline of Satsuma\u2019s Bitcoin treasury unwind, showing the July shareholder approval and Bitcoin sale, the Sept. 8 court approval fixing a \u00a330,718,881.43 return at \u00a30.002734 per B share, and expected delisting and settlement dates.\" width=\"720\" height=\"900\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-238b5fdc-b01f-4a4e-abc6-736055a56173.png 1122w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-238b5fdc-b01f-4a4e-abc6-736055a56173-240x300.png 240w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-238b5fdc-b01f-4a4e-abc6-736055a56173-819x1024.png 819w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-238b5fdc-b01f-4a4e-abc6-736055a56173-768x960.png 768w\" data-sizes=\"(max-width: 720px) 100vw, 720px\"\/><\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">A 90% shareholder rebellion just forced this public company to dump its entire Bitcoin treasury at a crushing \u00a339,984 per-coin loss<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>The Sept. 8 decision removed that judicial condition. Satsuma&#8217;s earlier circular said the reduction would become effective when the court order was registered. The Sept. 8 court-approval notice announced that the company would return the fixed amount, but did not say the cash had already reached shareholders.<\/p>\n<p>The Sept. 8 settlement update said eligible shareholders were expected to be sent checks or receive bank-account or CREST credits on or before Sept. 28. That future deadline separates approval of the payout from actual receipt.<\/p>\n<p>Satsuma&#8217;s last disclosed timetable listed Sept. 11 as the expected final day of dealings and 8 a.m. on Sept. 14 as the expected cancellation of its London listing. The Aug. 4 update retained the Sept. 14 date. These dates describe the announced timetable; the cited updates do not confirm completion of either milestone.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">A US Bitcoin treasury company sold every BTC because debt and Nasdaq pressure just closed in<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>The court ruling therefore finalized the amount due to eligible B-share holders and removed the main remaining approval condition. Distribution of the cash and cancellation of the London listing are the next stated milestones.<\/p>\n<\/div>\n<p>Digital Asset Treasuries,Featured,Legal,Bitcoin,BTC,London Stock ExchangeBitcoin,BTC,London Stock Exchange#Satsuma #capital #return #court #approves #30.7m #payout1789303884<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Satsuma Technology said the High Court of Justice approved the cancellation of 11,235,874,700 B shares, authorizing the share-capital reduction behind a \u00a330,718,881 return to shareholders. The return is fixed at \u00a30.002734 per B share after the UK-listed company sold all 669 BTC it disclosed. The B shares are the mechanism for moving cash back to<\/p>\n","protected":false},"author":1,"featured_media":13173,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[6887,3985,91,285,1648,900,4880,2851,2097,6886],"class_list":["post-13172","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-30-7m","tag-approves","tag-bitcoin","tag-btc","tag-capital","tag-court","tag-london-stock-exchange","tag-payout","tag-return","tag-satsuma"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Satsuma capital return: court approves \u00a330.7m payout - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Satsuma capital return wins court approval for \u00a330.7 million after its Bitcoin sale. Check dispatch or electronic credits are expected by Sept. 28.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=13172\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Satsuma capital return: court approves \u00a330.7m payout\" \/>\n<meta property=\"og:description\" content=\"Satsuma capital return wins court approval for \u00a330.7 million after its Bitcoin sale. Check dispatch or electronic credits are expected by Sept. 28.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=13172\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-13T12:51:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/satsuma-shareholder-path.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13172\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=13172\",\"name\":\"Satsuma capital return: court approves \u00a330.7m payout - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13172#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13172#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/satsuma-shareholder-path.jpg\",\"datePublished\":\"2026-09-13T12:51:24+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Satsuma capital return wins court approval for \u00a330.7 million after its Bitcoin sale. Check dispatch or electronic credits are expected by Sept. 28.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13172#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=13172\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13172#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/satsuma-shareholder-path.jpg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/satsuma-shareholder-path.jpg\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13172#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Satsuma capital return: court approves \u00a330.7m payout\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; Bitcoin News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptonews.uk.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\",\"name\":\"\u884c\u653f\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"caption\":\"\u884c\u653f\"},\"sameAs\":[\"http:\/\/demo3.aiwalls.com\/coinbase\"],\"url\":\"https:\/\/cryptonews.uk.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Satsuma capital return: court approves \u00a330.7m payout - Crypto News: Latest Cryptocurrency News and Analysis","description":"Satsuma capital return wins court approval for \u00a330.7 million after its Bitcoin sale. Check dispatch or electronic credits are expected by Sept. 28.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonews.uk.com\/?p=13172","og_locale":"en_US","og_type":"article","og_title":"Satsuma capital return: court approves \u00a330.7m payout","og_description":"Satsuma capital return wins court approval for \u00a330.7 million after its Bitcoin sale. Check dispatch or electronic credits are expected by Sept. 28.","og_url":"https:\/\/cryptonews.uk.com\/?p=13172","og_site_name":"Crypto News: Latest Cryptocurrency News and Analysis","article_published_time":"2026-09-13T12:51:24+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/satsuma-shareholder-path.jpg","type":"image\/jpeg"}],"author":"\u884c\u653f","twitter_card":"summary_large_image","twitter_misc":{"Written by":"\u884c\u653f","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptonews.uk.com\/?p=13172","url":"https:\/\/cryptonews.uk.com\/?p=13172","name":"Satsuma capital return: court approves \u00a330.7m payout - Crypto News: Latest Cryptocurrency News and Analysis","isPartOf":{"@id":"https:\/\/cryptonews.uk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.uk.com\/?p=13172#primaryimage"},"image":{"@id":"https:\/\/cryptonews.uk.com\/?p=13172#primaryimage"},"thumbnailUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/satsuma-shareholder-path.jpg","datePublished":"2026-09-13T12:51:24+00:00","author":{"@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf"},"description":"Satsuma capital return wins court approval for \u00a330.7 million after its Bitcoin sale. Check dispatch or electronic credits are expected by Sept. 28.","breadcrumb":{"@id":"https:\/\/cryptonews.uk.com\/?p=13172#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.uk.com\/?p=13172"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/?p=13172#primaryimage","url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/satsuma-shareholder-path.jpg","contentUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/satsuma-shareholder-path.jpg","width":1280,"height":720},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.uk.com\/?p=13172#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.uk.com\/"},{"@type":"ListItem","position":2,"name":"Satsuma capital return: court approves \u00a330.7m payout"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.uk.com\/#website","url":"https:\/\/cryptonews.uk.com\/","name":"Crypto News: Latest Cryptocurrency News and Analysis","description":"Latest Crypto &amp; Bitcoin News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.uk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf","name":"\u884c\u653f","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","caption":"\u884c\u653f"},"sameAs":["http:\/\/demo3.aiwalls.com\/coinbase"],"url":"https:\/\/cryptonews.uk.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/13172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13172"}],"version-history":[{"count":0,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/13172\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/media\/13173"}],"wp:attachment":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}