Sequans (SQNS) Completes Bitcoin Unwind, Exits Digital Asset Strategy After Less Than A Year

BTC

BTC/USDT

$79,717.59

-1.41%

$79,717.59

-1.41%

(24s)

24h Volume

$19,582,323,743.27

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.5%

Long: 52.5%Short: 47.5%

Funding Rate

+0.0011%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,635.96

▼ -0.03%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,683.92

Resistance 1$80,799.75

Price$79,635.96

Support 1$79,507.02

Support 2$76,170.88

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.4

Bitcoin Magazine Editorial

(03:48 PM UTC)

1 min read

Updated bySarah Chen

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Sequans Communications (NYSE: SQNS), the Paris-based cellular IoT semiconductor company, has completed the full redemption of its remaining convertible debt, funded by the sale of a portion of its Bitcoin holdings — bringing a short-lived and costly digital asset treasury experiment to a close.

The company now holds approximately 658 BTC, described as “fully unencumbered,” following the…