Sequans Sells 1,025 BTC as Revenue Falls 24.8% in Q1

TLDR Sequans sold 1,025 bitcoin during the first quarter to fund debt redemption and ADS buybacks. The sale reduced Sequans’ total bitcoin holdings from 2,139 BTC to 1,114 BTC by late April. Sequans pledged 817 BTC as collateral for $35.9 million in outstanding convertible notes. The company reported a 24.8% year on year revenue decline [...]

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