Bitcoin Treasury Sequans Sells $100 Million in BTC to Pay Down Debt

Sequans, a French semiconductor firm traded on the NYSE, recently announced the sale of 970 Bitcoin from its treasury for $100 million to reduce debt. This sale came just four months after the company began acquiring Bitcoin, reducing its holdings from 3,234 BTC to 2,264 BTC, now valued at approximately $228 million. The move halved Sequans' outstanding debt to $94.5 million. CEO Georges Karam stated that while the Bitcoin treasury strategy remains intact, this sale was a calculated decision intended to enhance shareholder value under current market conditions. This decision reflects a larger trend where companies acquire and manage Bitcoin as part of their asset strategies. Despite recent market volatility, which saw Bitcoin prices dip significantly, Sequans aims to continue developing its treasury with Bitcoin as a key reserve asset.

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