Acum 25 min
Sequans Sells 970 BTC to Cut Debt by Half as Bitcoin Drops Below $103,000
Paris-based Sequans Communications offloaded 970 bitcoin to redeem $94.5 million in convertible debt, reducing its treasury from 3,234 BTC to 2,264 BTC. The transaction lowered the company's debt-to-net-asset-value ratio from 55% to 39% while bitcoin traded below $103,000.