Bitcoin Magazine

Satsuma Technology Sells 579 Bitcoin Ahead of Planned LSE Uplisting

Satsuma Technology (LSE: SATS) sold nearly half its bitcoin treasury and announced major board changes as it prepares for a planned uplisting to the London Stock Exchange’s main market.

The U.K.-based company sold 579 BTC out of its 1,199 BTC holdings, raising about £40 million ($53 million) in net proceeds, according to a Thursday announcement. The move leaves Satsuma with 620 BTC and roughly £90 million in cash.

The sale is designed to ensure the company has enough liquidity to repay £78 million in convertible loan notes due on Dec. 31, 2025. 

Some noteholders have not yet committed to converting their debt into equity once Satsuma publishes its prospectus for the uplisting. The company said it wants to hold sufficient cash in case those conversions do not occur.

Alongside the treasury move, Satsuma proposed appointing Ranald McGregor-Smith as Chair and Clive Carver as Senior Independent Director. Both would join upon completion of the uplisting.

McGregor-Smith spent his career advising FTSE100 and FTSE250 firms and co-founded corporate broker Whitman Howard. He also sits on the board of Sabien Technology Group. Carver, a chartered accountant, has chaired and served as a non-executive director at several listed companies over the past decade and will also chair Satsuma’s Audit Committee.

Current Chair Matt Lodge will step down after the uplisting but remain on the board. Non-executive director Darcy Taylor resigned immediately as part of the restructuring.

CEO Henry K. Elder said the board changes bring stronger PLC governance at a key transition point. He also said the bitcoin sale positions the company for “stability and growth” as it advances its broader strategy.

Satsuma shares edged up to 1.05 pence following the announcement. The stock remains down nearly 30% over the past month.After the sale, Satsuma ranks as the 61st largest publicly traded bitcoin holder.

65% of Bitcoin treasuries in the red 

In November, roughly 65% of corporate Bitcoin treasuries were in unrealized losses after Bitcoin briefly fell below $90,000, per the Bitcoin Treasuries Corporate Adoption Report. 

The report, covering 100+ companies, shows large treasuries like Strategy and Strive dominated net purchases, while early signs of selling emerged, led by Sequans. 

Quarterly accumulation slowed but remains steady, with Q4 2025 on track for ~40,000 BTC added. Mining companies now hold 12% of corporate BTC. 

Public and private treasuries bought over 12,644 BTC in November, bringing total holdings past 4 million BTC. Global diversification and disciplined buying continue despite volatility.

This post Satsuma Technology Sells 579 Bitcoin Ahead of Planned LSE Uplisting first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

On-chain data shows the XRP whales have distributed a significant amount during the past week, a sign of negative sentiment among large holders.

XRP Whales Have Shed 510 Million Tokens From Their Holdings

As announced by analyst Ali Martinez in a new post on X, XRP whales have participated in a notable amount of selling recently. A “whale” is typically defined as an XRP investor holding between 1 million and 10 million tokens. At the current exchange rate of the cryptocurrency, this range converts to $2 million at the lower end and $20 million at the upper one.

Given the size of the range, the only investors who would qualify for the cohort would be the big-money hands. These holders can carry some influence in the market, making the group a key one for the network.

Now, here is the chart from on-chain analytics firm Santiment shared by Martinez that shows how the supply of the XRP whales has changed over the last few months:

As displayed in the above graph, the XRP whale supply has been following a downtrend since mid-November, indicating that the large holders have been distributing. The trend has continued during the past week, with entities belonging to the group collectively selling 510 million coins, worth more than $2 billion at the latest price.

At the same time as the selloff over the last few weeks, XRP has witnessed some net bearish price action, implying that the whales may have had a role to play in it.

Given that these humongous entities haven’t shown any signs of slowing down recently, it’s possible that the coin could see a further drop. It only remains to be seen, however, how whale behavior will develop in the coming days.

In some other news, XRP could be set up for a 16% move according to a technical analysis (TA) pattern, as Martinez has pointed out in another X post.

From the chart, it’s visible that XRP has roughly been traveling inside a Symmetrical Triangle on the 1-hour timeframe since November. A Symmetrical Triangle is a consolidation channel that involves two converging trendlines approaching each other at an equal and opposite slope.

The coin is already more than halfway through the channel, meaning that its range is getting narrow. A narrower range means retests of the support and resistance levels become more frequent, making either more probable.

Based on the height of the channel, the analyst has noted that a breakout could lead to a 16% move for XRP. It now remains to be seen which direction the asset will exit, and whether the pattern will hold.

XRP Price

XRP has again found a rebound since its retest of the $2.00 level, as its price is now back at $2.09.

Bitcoin is attempting to reclaim the $92,000 level as bullish momentum gradually returns after weeks of uncertainty. The market has spent nearly two months in a corrective phase, shedding roughly 36% from its highs, yet signs of stabilization are beginning to emerge. A new CryptoQuant report from analyst Darkfost highlights a striking deviation from typical mid-cycle correction behavior—one that may explain why sentiment is starting to shift.

According to the report, inflows of cryptocurrencies onto Binance remain unusually low, even as Bitcoin has experienced one of its deepest pullbacks of the cycle. Historically, during significant corrections, investors tend to send large amounts of BTC and other assets to exchanges, signaling growing willingness to sell and escalating market fear. This pattern appeared repeatedly in past downturns, often marking periods of capitulation.

But this time, the data suggests something different: investors are not rushing to offload their holdings. Instead, they appear more comfortable holding through volatility, showing patience rather than panic. Such low inflows contrast sharply with prior mid-cycle resets and hint at a more resilient market structure beneath the surface—one where holders may be preparing for the next phase rather than abandoning ship.

A Shift in Inflows Reveals Unusual Investor Behavior

Darkfost notes that today’s data shows a markedly different behavior from what Bitcoin typically displays during major corrections. Instead of focusing on BTC alone, the analysis aggregates total inflows of all cryptocurrencies sent to Binance, offering a broader view of market intent. The logic behind this metric is straightforward: rising inflows signal growing selling pressure, while shrinking inflows indicate that investors prefer to hold rather than exit their positions.

During previous downturns, inflows surged. In April 2024, right after Bitcoin hit a new all-time high at $73,800, total inflows exceeded 200 million coins, reflecting intense selling pressure. A similar spike appeared in December 2024, as BTC broke above $100,000, signaling that investors were preparing to lock in profits.

Today’s environment looks nothing like those periods. Despite experiencing a much deeper correction, inflows are five times lower—and notably stable. Investors are not sending coins to exchanges, which means they’re not eager to sell. Instead, they are sitting through the decline, showing patience rather than panic.

This unusual calm suggests a more confident market structure. If selling pressure continues to fade, this investor restraint could become one of the most constructive signals supporting a future bullish recovery once the correction runs its course.

Bitcoin Price Action Shows Early Signs of Stabilization

Bitcoin’s latest 3-day chart shows the market attempting to stabilize after a sharp two-month correction that pushed the price from above $120,000 to the recent lows near $84,000. The current rebound toward $91,960 reflects improving short-term sentiment, but the broader structure still leans bearish until key levels break.

One of the most important developments is BTC’s interaction with the 200-day moving average (red line). The price dipped below it during the flush-out but has now reclaimed it slightly, a signal that sellers may be losing momentum. Historically, regaining the 200MA on high timeframes marks the first stage of recovery after major corrections. However, confirmation requires follow-through and stronger volume—something that remains limited for now.

The 50MA and 100MA sit well above price, reflecting the depth of the recent decline and acting as overhead resistance. The clustering of these moving averages between $100,000 and $110,000 forms a heavy supply zone. Bulls would need several consecutive strong candles to break back into that region.

Volume has decreased notably during the rebound, suggesting that buyers are still cautious. Until BTC reclaims the $96K–$98K area—where structural resistance and realized-price bands align—this move remains a relief bounce rather than a confirmed bullish reversal.

Featured image from ChatGPT, chart from TradingView.com

EXECUTIVE SUMMARY:

Amazon is launching an invite only ordering experience for high-demand low-availability products. The new option is designed to limit inventory shortages and price gouging caused by robot traffic.

Amazon made this move to ensure that authentic customers can access products without problems. The new program launches in the United States. Items associated with the program include PlayStation 5 and Xbox Series X game consoles.

“We work hard everyday to provide customers with low prices, vast selection and fast delivery,” stated Amazon’s vice president of consumer engagement, Llew Mason. “This includes developing a shopping experience where customers can purchase items they’re interested in without having to worry about bad actors buying and reselling them at a much higher price.”

Amazon’s invite only ordering

The ordering option will enable consumers to request an invitation to purchase high-demand items. The information for this can be found on the product detail page. The invite only program does not require any additional purchases or costs.

Any consumer with an Amazon account can request an invitation to purchase a given item. Prime accounts are not requirements.

“Available by invitation” label

According to Amazon, items that are part of the program will have a label indicating that they’re “available by invitation.” The product pages for such items will also explain that items are in high demand, with limited quantities available and that the company may not be able to grant all requests.

To ensure that only genuine consumers obtain invitations to purchase products, Amazon will filter out bot-like submissions. Invitations will be sent to remaining customers.

Bots vs. humans

To separate the bots from the humans, Amazon plans to leverage a number of different data points. These include an account’s prior purchase history and the longevity of the account itself.

When invitations to purchase are granted, consumers will receive an email with instructions about exactly how to purchase the item. The email will explain the time-frame in which the item must be purchased and provide a link to the item’s webpage. On the webpage, users will be able to add the item to a cart or select the ‘Buy Now’ option.

An icon will depict how many hours or minutes a user has before the invitation expires. Amazon aims to grant more invitations to purchase if inventory availability increases.

Cyber criminals and Amazon

Amazon notes that bad actors make up only a small percentage of buyers on its marketplace. However, it’s committed to stopping them from negatively affecting the shopping experience for customers.

The new ordering experience is designed to provide customers with access to products at reasonable prices. Otherwise, bad actors may buy up products and resell them at exceptionally high mark-ups, leaving customers frustrated and disappointed.

The reselling issue has largely pertained to gaming consoles. Nonetheless, other high-demand, low-availability tech products also suffer from this effect every now and then.

Program’s first phase

The new ordering option starts today in the United States. At this time, it only affects gaming consoles. Amazon intends to expand the program to other countries and products in the future.

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The post Amazon launches new invitation only ordering option, starting today appeared first on CyberTalk.