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Janover
2026-07-08 13:36:13

Janover Raises $42M via Convertible Notes to Build Solana Treasury, Backed by Pantera and Kraken

Nasdaq-listed Janover (JNVR) secured approximately $42 million through a private placement of convertible notes and warrants, with participation from Pantera Capital, Kraken, and Arrington Capital. The proceeds will fund digital asset acquisitions focused on the Solana ecosystem, as part of the company's new treasury policy allocating a significant portion of reserves to crypto.

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Janover Raises $42M via Convertible Notes to Build Solana Treasury, Backed by Pantera and Kraken
Pantera Capit
2026-07-03 23:00:14

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

Pantera Capital is pressing Satsuma Technology to sell its remaining 646 BTC and return the proceeds to shareholders after the company’s stock lost more than 99% from its June 2025 peak. The move reflects a dramatic reversal of Satsuma’s once-popular bitcoin treasury strategy, which had drawn support from major digital asset firms including Pantera Capital, ParaFi Capital, Kraken, and Digital Currency Group. In August 2025, the company raised about £164 million, or roughly $221 million, through a convertible note as it positioned itself as an AI-driven bitcoin treasury vehicle. But the market environment changed quickly. Bitcoin surged above $126,000 and then dropped to around $60,000 earlier this year, sharply reducing the appeal of concentrated corporate BTC exposure. At the same time, Satsuma faced internal instability, including a director’s exit in February and CEO Henry Elder’s departure in March. Investor tensions had already been building since late 2024, when the company sold a large part of its bitcoin holdings to repay noteholders who chose not to convert debt into equity. With Satsuma’s market value now below the value of its bitcoin reserves, some shareholders argue that winding down the treasury strategy and distributing capital is the clearest way to preserve what remains.

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Pantera Pushes Satsuma to Liquidate Bitcoin Holdings After a 99% Share Price Collapse
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
Orthogonal
2026-06-29 11:01:37

Ex-Coinbase Payments Lead Founds Orthogonal to Build the 'Alipay of the AI Era'

Orthogonal, co-founded by a former Coinbase payments lead and a former Google engineer, aims to become the payment infrastructure for the AI era. Backed by Pantera Capital and Y Combinator, the project targets AI agents and automated on-chain transactions, seeking to solve payment and settlement challenges in decentralized AI applications. The team's deep expertise in payments and AI engineering positions it to compete with traditional payment giants and native DeFi protocols.

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Ex-Coinbase Payments Lead Founds Orthogonal to Build the 'Alipay of the AI Era'