The British company Satsuma sold all 669 Bitcoin reserves and will return approximately £30.72 million to shareholders

According to CryptoSlate, the UK-listed company Satsuma Technology has sold its entire reserve of 669.4867 bitcoins, with the transaction completed between July 24 and 31, at a net transaction average price of £47,667 per bitcoin, resulting in total proceeds of approximately £31.91 million.

The High Court of England has approved its capital reduction through the cancellation of Class B shares, and the company will return £30.718881 million to eligible shareholders, which amounts to £0.002734 per Class B share.