Bitcoin Acquisition

Satsuma Technology PLC

24 April 2026

 

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                                                                    [e-mail]

Data Counsel - Steffan Williams/William Barker                              [e-mail]

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.

 

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