Coinbase will suspend trading for 25 perpetual contracts, including 1000SATS-PERP and LAYER-PERP, on February 20, 2026, citing liquidity and market quality standards for its derivatives market.

Coinbase said it will suspend trading for 25 perpetual contracts, including 1000SATS-PERP and LAYER-PERP, on February 20, 2026, citing liquidity and market quality standards as it refines its derivatives offerings.

BRC-20 tokens are expanding Bitcoin beyond payments into microtransactions, asset representation, privacy, cross-chain interoperability, and gaming. This article reviews SATS, OXBT, PIIN, VOYA, and RATS and their potential market impact.

Satsuma Technology sold 579 BTC for about £40 million in net proceeds and proposed major board changes as it prepares for a planned uplisting to the London Stock Exchange’s main market. The company said the sale helps ensure liquidity to repay £78 million in convertible loan notes due on Dec. 31, 2025, while broader data shows many corporate bitcoin treasuries remain under pressure.

Satsuma Technology, a UK-based company, sold 579 of its 1,199 Bitcoin holdings, netting approximately £40 million ($53 million) to boost liquidity for repaying £78 million in convertible loan notes due December 31, 2025. The move supports its planned uplisting from the Aquis exchange to the London Stock Exchange's main market. The company also announced board changes, appointing Ranald McGregor-Smith as Chair and Clive Carver as Senior Independent Director. A separate industry report reveals that 65% of corporate Bitcoin treasuries were in unrealized losses after Bitcoin briefly fell below $90,000 in November, though accumulation continues globally.

Satsuma Technology (LSE: SATS) sold 579 of its 1,199 BTC, raising ~£40M to repay £78M convertible notes due Dec 31, 2025. The U.K.-listed firm also proposed new board members including Ranald McGregor-Smith as Chair. Post-sale, Satsuma holds 620 BTC and ranks 61st among public bitcoin holders. Separately, a corporate treasury report revealed that 65% of firm-held bitcoin is in unrealized loss after BTC dipped below $90,000 in November. Q4 2025 accumulation is on track to add ~40,000 BTC, with total holdings exceeding 4 million BTC.