
Bitcoin treasury company offers 10% income and still can’t sell nearly half its shares
BTC PREF is expected to begin trading July 20, with any discount to SEK 120 lifting the indicated cash yield above 10%.
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The chain reports 16% July sales growth, but without BTC payment share its merchant model cannot be measured.

The vote pits Satsuma’s future as a listed Bitcoin treasury company against a cash exit that could leave former convertible-note investors with vastly different recoveries.

At $64,000, Bitcoin must rise 12.7% to reach the first major buyer cost basis and 92.2% to return last year’s $120,000 July breakthrough.

Orange Juice plans to acquire profitable American businesses and direct part of their retained earnings toward permanent Bitcoin accumulation.

Bitcoin’s multi-year supply handoff is nearing completion as the wave of old coins reactivated during 2024 and 2025 fades.

BlackRock spot funds remained profitable through the selloff, but its 2030 target depends on businesses beyond Bitcoin and Ethereum.



