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via The Block · By The Block Editorial

Sequans completes bitcoin treasury unwind, refocuses on IoT semiconductors

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The Block Editorial

(02:48 PM UTC)

1 min read

Approved bySarah Chen

780 views

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Sequans Communications said Thursday that it completed the redemption of all remaining debt tied to its bitcoin treasury, as it now refocuses on its core Internet of Things and cellular semiconductor business.

The Paris-based company said the debt redemption was funded by the sale of nearly 80% of its total bitcoin holdings.

Sequans now holds just 658 BTC, which it says is "fully unencumbered."…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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The Block Editorial · The Block

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