UK-listed Satsuma Technology has sold its entire 669.4867 BTC treasury for £31.9 million and plans to return £30.7 million to eligible shareholders.
The UK High Court approved the capital reduction on Sept. 8, setting the return at £0.002734 per B share. Payments are expected to be made by Sept. 28 via check, bank transfer or CREST credit.
Satsuma had also expected to cancel its London listing on Sept. 14, though completion has not been confirmed.
