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Satsuma Technology PLC announced on 24 April 2026 that it acquired 22.77 BTC. This acquisition, which settled on 22 April 2026, was made at an average price of US$79,067 per Bitcoin for a total of US$1,800,000, funded from existing fiat reserves.
| Date | 24 Apr 2026 |
| Time | 07:00:06 |
| Category | Miscellaneous |
| ID | 7525B |
24 April 2026
Satsuma Technology PLC
("Satsuma", the "Company")
(LSE: SATS)
Bitcoin Acquisition
Satsuma Technology PLC (LSE: SATS, the Company) announces that it has acquired a further 22.77 BTC as part of its long-term treasury strategy, while maintaining sufficient fiat reserves to support operational outflows for the foreseeable future and preserving a resilient, debt-free balance sheet.
The Company has purchased 22.77 Bitcoin at an average price of US$79,067 per Bitcoin (equivalent to approximately £58,503 per Bitcoin) for a total purchase amount of US$1,800,000 (equivalent to approximately £1,331,853), funded from existing fiat reserves.
Acquisition Details
|
|
This Acquisition |
|
Bitcoin purchased |
22.77 BTC |
|
Average purchase price (USD) |
US$79,067 |
|
Average purchase price (GBP) |
£58,503 |
|
Total purchase amount (USD) |
US$1,800,000 |
|
Total purchase amount (GBP) |
£1,331,853 |
|
Trade date |
22 April 2026 |
|
Settlement date |
22 April 2026 |
|
Funding source |
Existing cash reserves |
Total Bitcoin Holdings
|
|
As at 23 April 2026 |
|
Total Bitcoin held |
668.48397 BTC |
|
Total cost of Bitcoin held (GBP) |
£56.192m |
|
Average cost per Bitcoin (GBP) |
£84,059 |
|
Market value of Bitcoin held (GBP) (1) |
£37.3m |
(1) Based on a Bitcoin price of approximately £56,427 as at 22 April 2026.
Share Capital
|
|
As at 23 April 2026 |
|
Ordinary Shares in issue |
11,203,900,200 |
|
Outstanding warrants |
2,137,049,348 |
|
Fully diluted share count |
13,340,949,548* |
*Unvested share options outstanding: 392,136,507 (not in-the-money and excluded from Fully Diluted Share Count)
Outlook
The Board continues to provide shareholders with regular monthly updates on the Company's Bitcoin holdings, net asset value, key performance indicators, and financial position. The Company's strategy remains focused on disciplined Bitcoin accumulation, cost reduction, and transparency.
Ranald McGregor-Smith, Executive Chairman of Satsuma, commented:
"When we announced the cost programme earlier this month, we said the objective was to preserve capital for future Bitcoin accumulation. Today's purchase begins to execute on this promise."
Enquiries:
Satsuma Technology Plc IR@satsuma.digital
Data Counsel - Steffan Williams/William Barker satsuma@datacounsel.uk
About Satsuma Technology PLC
Satsuma Technology PLC (LSE: SATS) is a UK Main Market listed company that holds Bitcoin as its primary treasury reserve asset. The Company's Bitcoin holdings are held in custody with Anchorage Digital and Kraken, two regulated institutional custodians, via multi-signature vault structures requiring quorum approval for all transactions. The Company does not leverage, lend, or rehypothecate its Bitcoin treasury. Satsuma's Ordinary Shares are admitted to the Equity Shares (Commercial Companies) category of the Official List and to trading on the London Stock Exchange's Main Market for listed securities.