UK Firm Satumba Returns £30.7 Million to Shareholders After Selling Bitcoin Treasury
Court Approval Finalizes Bitcoin Sale Proceeds for Shareholder Return
UK-listed Satumba Technology has received court approval to return cash from its sold Bitcoin treasury to shareholders. The company sold all of its 669.4867 Bitcoin (BTC) in July and now plans to distribute £30,718,881 after deducting costs.
The High Court of Justice approved the cancellation of over 11 billion B shares on September 8, 2026. This move authorizes the capital repayment of £0.002734 per B share to eligible investors.
Key Figures from the Bitcoin Sale and Return
- Satumba sold 669.4867 BTC between July 24 and July 31, 2026, for a net average price of £47,667 per BTC.
- The sale generated £31,912,395 in total.
- After deducting £2.6 million in transaction costs and retaining £2 million as working capital, the amount for shareholder return is £30,718,881.
- The return is fixed at £0.002734 per B share.
Official Announcements from Satumba
Satumba disclosed the court approval in a Regulatory News Service (RNS) announcement on the London Stock Exchange. The company stated that the High Court order cancels the B shares and finalizes the capital reduction.
An earlier announcement on August 4 detailed the planned return, which was conditional on this court approval. Shareholders had voted in favor of the capital return and delisting on July 20.
Confirmed Facts and Timeline
The following details are confirmed by the company's official filings:
- The entire Bitcoin treasury was sold in late July 2026.
- Court approval was granted on September 8, 2026.
- The cash return to shareholders is £30,718,881, or £0.002734 per B share.
- Eligible shareholders are expected to receive payment by September 28, 2026.
Uncertainty Regarding Delisting Schedule
While the settlement date for payments is clear, the timing for Satumba's delisting from the London Stock Exchange remains unconfirmed. The company's last timetable listed September 11 as the expected final day of dealings and September 14 for the listing cancellation. However, the sources note that these dates describe an announced schedule and have not been confirmed as completed.
Practical Impact for Shareholders
This process demonstrates how a public company unwinds its cryptocurrency holdings and returns capital to investors. Eligible shareholders—those holding ordinary shares at the record time—received B shares as the mechanism for this cash payout. The court ruling removes the final major hurdle for the distribution.
Next Steps: Payment Distribution and Listing Cancellation
The immediate next step is the distribution of cash. Checks or electronic payments are expected to be sent or credited by September 28. Following that, the delisting of Satumba's shares from the London Stock Exchange is the final announced milestone, pending confirmation.