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Jamie Redman

Sequans sells Bitcoin to redeem July 2025 convertible debt, keeps about 658 BTC

Sequans Communications said Thursday it has fully redeemed the convertible debt from its July 2025 offering by selling part of its bitcoin treasury, leaving it with about 658 BTC and a near debt-free balance sheet. The company said it is exiting its digital asset treasury approach and expects to monetize the remaining BTC over time while refocusing on 4G/5G IoT chip products, including its 5G eRedCap roadmap.
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