REG - Satsuma Tech PLC - Bitcoin Acquisition

Satsuma TechnologyAnnouncement

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RNS Number : 7525B  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
IR@satsuma.digital (mailto:IR@satsuma.digital)

Data Counsel - Steffan Williams/William
Barker
satsuma@datacounsel.uk (mailto: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.

 

 

 

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