Satsuma Technology PLC (LSE:SATS) has announced a series of governance changes alongside the disposal of a large share of its Bitcoin assets. The company intends to appoint Ranald McGregor-Smith as its new Chair and Clive Carver as Senior Independent Director, moves designed to reinforce board oversight as Satsuma prepares for a planned uplisting to the London Stock Exchange. In parallel, the firm has sold 579 Bitcoin, generating roughly £40 million in proceeds. The transaction bolsters liquidity, ensuring the business can comfortably cover forthcoming financial commitments and positioning it on firmer footing for future expansion.
More about Satsuma Technology PLC
Satsuma Technology PLC is a publicly traded tech business with broad Bitcoin-related operations. The company is working to strengthen its market profile through targeted leadership appointments and financial actions aimed at supporting long-term growth.
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