43 million USD in BTC was sold off only after less than a year of raising 218 million USD — a cold reminder of the risks of a centralized treasury model.
Satsuma (UK) was forced to liquidate the remaining Bitcoin to repay investors. The reason: BTC’s price crashed, operating costs drained capital, pressure to withdraw increased, and regulations tightened. While 43 million USD isn’t too large compared with daily trading volume, in a weak sentiment environment, this news can amplify volatility.
The lesson is clear: a company’s “buy and hold” strategy doesn’t always hold up. As a trader, I always remind myself to control leverage and not bet everything on a single story. The crypto market is still unstable—do your own research and manage risk before taking action.
#BTC #Bitcoin #Dautu #Ruiro
Satsuma (UK) was forced to liquidate the remaining Bitcoin to repay investors. The reason: BTC’s price crashed, operating costs drained capital, pressure to withdraw increased, and regulations tightened. While 43 million USD isn’t too large compared with daily trading volume, in a weak sentiment environment, this news can amplify volatility.
The lesson is clear: a company’s “buy and hold” strategy doesn’t always hold up. As a trader, I always remind myself to control leverage and not bet everything on a single story. The crypto market is still unstable—do your own research and manage risk before taking action.
#BTC #Bitcoin #Dautu #Ruiro