TechFlow News, April 23: According to Bloomberg, sources familiar with the matter said that cryptocurrency venture capital firm Pantera Capital Management is urging London-listed Satsuma Technology Plc to sell its remaining approximately $50 million worth of Bitcoin and return the proceeds to shareholders. Satsuma has confirmed that certain shareholders have requested the return of funds and that the company is evaluating related options. Sources also indicated that these shareholders have demanded a management overhaul; currently, Satsuma’s CEO Henry Elder and CFO Andrew Smith have resigned. Earlier this month, the company announced cost-cutting measures and disclosed its purchase of Bitcoin valued at £1.4 million.
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