Sequans Dumps 970 BTC to Slash Debt as Bitcoin Price Hits 4-Month Low – Is This a Red Flag?
Sequans has sold nearly 970 BTC to redeem half its convertible debt, trimming liabilities to $94.5M and lowering its debt-to-NAV ratio to 39%. The company has kept its Bitcoin strategy intact while moving to No. 33 among public BTC holders amid market softness.
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