Strategy copycat Satsuma crashed 99%, liquidated treasury
Mark Moss’ Satsuma Technology sold all 669 of its BTC and will return £30.7M after the company crashed 99% from its 2025 peak.
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Mark Moss’ Satsuma Technology sold all 669 of its BTC and will return £30.7M after the company crashed 99% from its 2025 peak.
Read more (3 min) →Michael Saylor’s Strategy has sold 6,948 BTC in 2026, raising $431.8M as part of its BTC monetization program.
Michael Saylor shared a cringeworthy earnings call this week, prompting disgust from Bitcoiners sick of Strategy selling its BTC.
MSTR investors have grown accustomed to outperforming BTC, but they've actually underperformed it for 90% of the past year.
Bitcoin (BTC) treasury companies today share certain similarities with mania of US investment trusts from the Roaring ‘20s.
Securities, funds, and derivaties tied to MicroStrategy (MSTR) and its bitcoin are almost too numerous to count.