Commitment to Transparency
As a regulated public company, we maintain the highest standards of transparency and governance. This Investor Centre provides direct access to RNS announcements, financial reports, and our corporate treasury strategy for full shareholder visibility.
Satsuma Technology PLC, AI infrastructure and revenue generator
Satsuma Technology provides subnet infrastructure and develops revenue generating AI agents to power the next generation of decentralized AI services.
Satsuma Technology PLC is incorporated under the laws of England and Wales under the Companies Act 2006 and the company number 13279459. The Company’s shares are traded on the main market of the London Stock Exchange. The Company is headquartered in London, UK.
The Company has diverse operations in the decentralised digital cryptocurrency known as Bitcoin. The Company currently operates a decentralised artificial intelligence (“AI”) business focused on publicly-traded companies known to hold Bitcoin, and is developing a Bitcoin staking business. The Company’s strategy is to continue to develop or acquire operating businesses that support the accumulation and utilisation of Bitcoin held in the Company’s treasury.
There are no restrictions on the transfer of ordinary shares in the Company.
Total issued share capital of the Company is 11,203,900,200 shares with a nominal value of £0.001 each.” ("Ordinary Shares").
Legal Entity Identifier:984500FV43C9G16DK633 , ISIN: GB00BMFCRZ80, SEDOL:BMFCRZ8 , Stock Exchange ticker SATS
Significant Shareholders
Off The Chain LP 752,300,000 6.7%
Pantera DAT Opportunity Fund, LP 750,000,000 6.7%
Sign Kadouh 750,000,000 6.7%
Fortified Securities (RiverFort Global Capital Ltd) 742,400,000 6.6%
Symmetric SEZC 700,000,000 6.3%
99 Capital LP (Avalon) 641,100,000 5.7%
Hyla SPV II, LLC 565,400,000 5.0%
Josh Bartch 550,000,000 4.9%
Mythos Orange 1 Co Ltd 410,000,000 3.7%
Shard Capital Partners LP 400,000,000 3.6%
As a company with a Listing in the Transition Category, the Company is not required to comply with the provisions of the Corporate Governance Code published by the Financial Reporting Council. Nevertheless, the Directors are committed to maintaining high standards of corporate governance and, so far as is practicable given the Company's size and nature, adopts and complies with the QCA Code on a comply or explain basis.
The Directors are aware that there are certain provisions of the QCA Code with which the Company is not complying. The Company will report to its Shareholders as to its compliance with the QCA Code on an ongoing basis and will publish an updated corporate governance statement from time to time.
Our corporate treasury policy is a cornerstone of our business. As our core business is servicing the intersection of decentralized intelligence and finance, we believe in the product we are serving and adopt the same corporate strategies as the companies we service and work wioth, and that is the long-term preservation of capital for long-term shareholder value and capital growth, using Bitcoin as the core treasury asset. As such, the Board of Directors has formally adopted Bitcoin as the company's primary treasury reserve asset.
We have taken this step for three key reasons:
- Technology Validation: Our Bitcoin treasury is the ultimate testing ground for our AI-driven digital asset insights platform, ensuring it performs under real-world, high-stakes conditions.
- Strategic Insight: Managing our own digital asset treasury provides us with unparalleled, first-hand intelligence, which directly informs our product development and market leadership.
- Capital Preservation: We believe Bitcoin to be the base layer and the future of finance, and will continue to be the best way to preserve and build a long-term store of value to protect our purchasing power and fund our ambitious AI roadmap for decades to come.
- Total Bitcoin Held: XXX.XXXX BTC
- Bitcoin NAV (USD): $$XX,XXX,XXX$
- Bitcoin Sats per Share: $$XX,XXX,XXX$
- Link: [Our Treasury Policy Document]
Company Secretary:
Scott Kaintz
Registered Office:
16 Great Queen Street, London WC2B 5DG
Registrar:
Computershare Investor Services PLC
The Pavilions
Bridgwater Road
Bristol BS13 8AE
Solicitors to the Company:
Latham & Watkins (London) LLP
99 Bishopsgate
London
EC2M 3XF
Corporate Adviser:
First Sentinel Corporate Finance Limited
Ground Floor, 72 Charlotte Street
London W1T 4QQ
Broker:
Canaccord Genuity Limited
88 Wood Street
London
EC2V 7QR
Auditor:
BDO LLP
55 Baker Street
London
W1U 7EU
Ranald McGregor-Smith
Chair and Independent Non-Executive Director
Henry K Elder
Chief Executive Officer
BTC treasury strategies for numerous public and private companies across the United States, Canada, Japan and Europe.
Henry previously built and led a US$1.5bn digital asset treasury and wealth management platform as a Managing Director at Wave Digital Assets. There, he provided strategic treasury guidance to major blockchain foundations like Polygon and Cardano, before founding and growing the firm's Decentralised Finance (DeFi) practice to over $500 million in sophisticated DeFi yield strategies. This work in structuring bespoke, yield-generating investment programs for institutional-grade partners directly informs his current focus on applying advanced treasury strategies for corporate bitcoin balance sheets.
Andrew Smith
Chief Finance Officer
and Deutsche Bank, specialising in fundraisings and M&A for UK listed public companies.
Clive Carver
Senior Independent Director
finnCap, serving as Head of Corporate Finance at each. Since 2011, Clive has served on the boards of ten Londonlisted companies, including as chairman of AIM listed Caspian Sunrise PLC since 2006 and Chairman of Built Cybernetics PLC, and as a non-executive director at Tax Systems Ltd. Across his career, Clive has chaired and served on various audit, remuneration, nomination and governance committees. He is also a qualified corporate
treasurer and was a Fellow of the Association of Corporate Treasurers (FCT) until 2024.
Matt Lodge
non-executive director
Matthew has deep industry experience in successfully scaling tech businesses and a strong focus on companies at the intersection of crypto & AI.
Jonathan Jachym
Non-Executive Director
regulators, and industry stakeholders. He leads a team responsible for shaping positive policy outcomes and oversees international market expansion to support global distribution of Kraken's multi-asset products and services.
Jonathan has been a prominent voice in shaping financial market and crypto policy in the U.S., UK, EU and other major developed and emerging markets. Prior to joining Kraken, Jonathan held senior roles at major financial institutions including London Stock Exchange Group (LSEG), where he was Managing Director, Global Co-Head of Government Relations and Regulatory Strategy, and CME
Group (Chicago Mercantile Exchange), where he served as Executive Director of Government Relations. His career also includes a tenure as Legal and Regulatory Counsel at the U.S. Chamber of Commerce.
Darcy Taylor
Non-Executive Director
