A listed London company working at the intersection of Bitcoin finance and decentralised AI has made another leadership change as it gears up for its next phase of growth.
Satsuma Technology is developing a strategy combining Bitcoin treasury operations and decentralised AI, and has appointed Scott Kaintz as interim CFO.
Nick Lyth, who had previously served in the role, has now stepped down but will remain involved with the business on a consultancy basis to support the handover process.
Kaintz is an experienced public markets executive with over 15 years of leadership across listed companies in both CEO and CFO roles.
He has successfully overseen numerous capital raises and executed cross-border M&A and structured financings in the natural resources, energy and technology sectors.
A longtime crypto enthusiast and early adopter, he has actively engaged with the space since the mining era and joins the company which floated in May 2025.
Since Satsuma’s IPO, its share price has risen from 0.63p to 5.32p. It has a market cap of £26.74m.
Kaintz’s arrival comes as the business ramps up efforts to expand its operations and navigate financial and regulatory demands following a recent fundraise.
Just last month, the London-based firm appointed Henry Elder as its CEO and acquired £2.5m of Bitcoin (28.56 BTC) into its treasury.
“The board and I would like to thank Nick Lyth for his efforts, particularly aiding its execution of multiple workstreams during this transformational period for Satsuma,” said Elder.
“Ultimately, the requirements and time demands for our CFO following our raise would not have been compatible with Nick’s other appointments.
“Nick and Scott have been working together to ensure a smooth transition of the CFO role and Nick will continue to assist Satsuma in the near-term as a consultant. We welcome Scott to the team and we are pleased to bring into the fold his London markets experience.”