Bitcoin Treasury Sequans Sells $100 Million in BTC to Pay Down Debt
New York Stock Exchange-listed chipmaker Sequans (SQNS) has sold 970 Bitcoin to pay off debt just four months after pivoting to a digital asset treasury strategy, the company announced on Tuesday. The Paris-based firm, which started buying the leading cryptocurrency in July, said that it had pared its holdings to 2,264 BTC from 3,234 of the asset. Those assets are now worth about 94.5 million from $189 million. Sequans st ...