Sequans Sells $100M in Bitcoin to Halve Debt

2025-11-06 02:18

Sequans Communications has sold 970 Bitcoin, valued at approximately $100 million, to repurchase convertible bonds and cut its total debt by 50%. This strategic move reduces the company's debt from $189 million to $94.5 million. Sequans, which had amassed 3,234 BTC through bond issuance since July 2025, now retains 2,264 BTC worth about $240 million. The sale also improved its debt-to-net asset value ratio to 39%.

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