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via Bitcoin Magazine · By Bitcoin Magazine Editorial

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

BTC

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$63,040.90

-0.45%

(24s)

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24h H/L

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Change: $1,147.20 (1.84%)

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Long: 65.7%Short: 34.3%

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Shorts pay

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Trend:Downtrend

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Bitcoin Magazine Editorial

(03:48 PM UTC)

1 min read

Updated bySarah Chen

655 views

0 comments

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…

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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