Bitcoin Acquisition
Satsuma Technology PLC announced the acquisition of an additional 22.77 Bitcoin for US$1,800,000 (approximately £1,331,853) at an average price of US$79,067 per Bitcoin, funded from existing fiat reserves. This purchase brings the company's total Bitcoin holdings to 668.48397 BTC, with a total cost of £56.192 million, though the current market value as of April 22, 2026, is £37.3 million. The company maintains sufficient fiat reserves and a debt-free balance sheet, with its strategy focused on disciplined Bitcoin accumulation and transparency.
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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 |
- Based on a Bitcoin price of approximately £56,427 as at 22 April 2026.
Share Capital
As at 23 April 2026
| Bitcoin purchased | 22.77 BTC |
|---|---|
| Average purchase price (USD) | US$79,067 |
| 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."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.