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Bitcoin
2026-08-03 06:02:59

The Smarter Web Company lifts Bitcoin holdings to 2,712 BTC

London-listed technology company The Smarter Web Company has added 9 BTC, taking its total Bitcoin holdings to 2,712 BTC, according to the source material provided by Foresight News. The update adds to the company’s recent treasury activity involving both Bitcoin and debt repayment. Foresight News had earlier reported that the company said it repaid the Smarter convertible note held by an entity related to the TOBAM group around two weeks ahead of schedule. The repayment amount was about $11.69 million. The company said the funds used for that repayment came from the disposal of 177.8909127 BTC at an average price of $65,762. It also said those Bitcoin had been acquired through the full allocation of subscription proceeds. The latest disclosure shows that after the new purchase, the company’s total Bitcoin position now stands at 2,712 BTC.

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The Smarter Web Company lifts Bitcoin holdings to 2,712 BTC
The Smarter W
2026-07-23 07:22:56

The Smarter Web Company repays convertible note early after selling 177.89 BTC

The Smarter Web Company, a publicly listed company in the U.K., has repaid its Smarter Convert convertible note two weeks ahead of schedule, according to an official announcement cited by ChainCatcher. The company paid roughly $11.6985 million to TOBAM Group and completed the repayment by selling 177.89 Bitcoin at an average price of $65,762. The transaction closes out the note before its original timetable. The company’s CEO said the structure had previously been seen as flexible, but added that it is no longer viewed as the right capital solution under current circumstances. Following the repayment, The Smarter Web Company now holds 2,700 BTC. Any potential share issuance tied to the note has also been canceled. The update lays out both the repayment mechanics and the company’s current Bitcoin position after the sale.

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The Smarter Web Company repays convertible note early after selling 177.89 BTC
Pantera Capit
2026-07-02 14:00:14

Pantera Capital Pressures Satsuma to Liquidate All Bitcoin as Shares Tumble 99%

Pantera Capital and other shareholders are pushing Satsuma Technology to sell its remaining 646 Bitcoin (worth about $50 million) and return capital to investors. Satsuma's shares have crashed over 99% from a June 2025 peak of £14 to around 21 pence, with the market cap falling below the value of its Bitcoin holdings. The company raised £164 million through a convertible note in August 2025, but Bitcoin's drop from $126,000 to $60,000 and management turmoil (CEO and director departures) have led to a crisis. Investors now demand a complete wind-down of the Bitcoin treasury strategy.

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Pantera Capital Pressures Satsuma to Liquidate All Bitcoin as Shares Tumble 99%
Pantera Capit
2026-07-02 13:45:14

Pantera Capital Pushes Satsuma to Liquidate All Bitcoin Holdings After 99% Share Price Collapse

Pantera Capital, the crypto investment firm led by Dan Morehead, is urging Satsuma Technology to sell its remaining bitcoin holdings of approximately 646 BTC (valued at nearly $50 million) and return capital to shareholders, following a devastating 99% plunge in the company's stock price from £14 to 21 pence. Satsuma had raised £164 million in August 2025 via a convertible note backed by Pantera, ParaFi, Kraken, and Digital Currency Group, positioning itself as an AI-driven bitcoin treasury. However, bitcoin's decline from $126,000 to $60,000, coupled with leadership turnover (exit of a director in February and CEO in March), forced a strategic reversal. The situation highlights the risks of leveraged bitcoin treasury strategies and the governance challenges that emerge when market conditions sour.

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Pantera Capital Pushes Satsuma to Liquidate All Bitcoin Holdings After 99% Share Price Collapse