Satsuma Technology (LSE:SATS) revealed it acquired 22.77 BTC at an average price of US$79,067 per coin for a total purchase amount of US$1.8m, executed on 22 April.
The purchase was funded from existing fiat reserves, the board said, and the company emphasised it retains sufficient cash for operational outflows while preserving a resilient, debt-free balance sheet.
The acquisition increased Satsuma's total Bitcoin holdings to 668.48397 BTC as at 23 April. The company notes the valuation basis used was a Bitcoin price of approximately £56,427 as at 22 April.
The board said the group's strategy remains focused on disciplined Bitcoin accumulation, cost reduction and transparency, with regular monthly updates on holdings, net asset value, KPIs and financial position.
"When we announced the cost programme earlier this month, we said the objective was to preserve capital for future Bitcoin accumulation," said Ranald McGregor-Smith, Executive Chairman.
