Satsuma liquidates 669.4867 BTC treasury; Bitcoin Suisse cuts Swiss jobs; Kaiko raises $110M; Pixelmon shuts down gaming operations.
Macro & Markets ·
Satsuma has liquidated its complete bitcoin treasury, which totaled 669.4867 BTC, and intends to distribute £30.7 million to shareholders who qualify. Separately, Bitcoin Suisse announced plans to relocate as many as 60 positions from its Zug base to Bratislava and Vietnam, representing up to half of its Swiss workforce, with initial cuts expected before year-end. The firm cited cost efficiency rather than market conditions, while pursuing expansion into wealth management for high-net-worth individuals and institutions through new regulatory approvals in Liechtenstein, Bermuda, and Abu Dhabi.
TD Cowen projects 90% upside potential for Smarter Web, a bitcoin treasury business, following a proposed preferred share issuance. Kaiko expanded its latest funding round to $110 million with S&P Global leading the investment, as platforms move toward continuous market operations. Pixelmon terminated its game development operations and laid off the gaming team.
Questions remain about the timing and final headcount of Bitcoin Suisse's restructuring, the composition and deployment of Kaiko's expanded capital, and the circumstances around Pixelmon's operational closure.