Sequans Shares Tumble 16% After Selling 30% Bitcoin to Slash Debt
Sequans sold 30% of its Bitcoin holdings to reduce debt, disappointing investors and causing a 16.6% share drop despite reaffirming long-term conviction in Bitcoin.
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Recently added · Page 1Sequans (Private) Sells One-Third BTC Holdings, Cuts Debt Amid Bitcoin Price Slump
Sequans Communications sold a third of its Bitcoin holdings to reduce convertible debt by half, improving its leverage ratio amid a cooling crypto market and falling BTC prices, signaling financial s…
Sequans Communications (SQNS) Sells 970 BTC to Cut Debt, Pressuring BTCUSD Sentiment
Sequans Communications sold about 970 BTC to reduce convertible debt, trimming its bitcoin holdings and improving its balance sheet amid declining BTC prices and stock value.