Sequans Dumps 970 BTC to Slash Debt as Bitcoin Price Hits 4-Month Low – Is This a Red Flag?

Sequans has sold nearly 970 BTC to redeem half its convertible debt, trimming liabilities to $94.5M and lowering its debt-to-NAV ratio to 39%. The company has kept its Bitcoin strategy intact while moving to No. 33 among public BTC holders amid market softness.

The post Sequans Dumps 970 BTC to Slash Debt as Bitcoin Price Hits 4-Month Low – Is This a Red Flag? appeared first on Cryptonews.