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Top asset management team helps you profit without hassle
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HOT
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- 📢 Gate Square TAG Posting Challenge: #MySuggestionsforGateSquare
Post & WIN 100 USDT in rewards!
Gate Square is constantly improving!
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1️⃣ Which features do you use the most? What is your experience?
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If delivery is unavailable, the prize will be replaced - 🚀 #GateNewbieVillageEpisode6 ✖️ @discovery
💬 Your greatest enemy is your own emotions.
Share your trading journey | Discuss strategies | Grow with the Gate Family
⏰ Event Time: Nov 12 10:00 – Nov 19 16:00 UTC
How to Join:
1️⃣ Follow Gate_Square + @discovery
2️⃣ Post on Gate Square with the hashtag #GateNewbieVillageEpisode6
3️⃣ Share your trading experiences, insights, or growth stories
— The more genuine and insightful your post, the higher your chance to win!
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3 lucky participants → Gate X RedBull Cap + $20 Position Voucher
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Creator Graduation Bonus: 50 GT
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The US-listed semiconductor company Sequans has confirmed the sale of 970 Bitcoins to reduce debt.
ChainCatcher news, according to Investing.com, the US-listed semiconductor company Sequans Communications (NYSE: SQNS) redeemed 50% of its Convertible Bonds by selling 970 Bitcoins. This transaction reduced the company’s total debt from $189 million to $94.5 million. Sequans currently holds 2,264 Bitcoins, down from 3,234 previously. At current market prices, the company's net asset value in Bitcoins is approximately $240 million, and the debt-to-net asset value ratio has decreased from 55% to 39%. CEO Georges Karam stated: “Our asset allocation strategy for Bitcoins and our firm belief in Bitcoin remain unchanged, and this transaction is a tactical decision based on current market conditions, aimed at unlocking shareholder value.” The debt reduction is expected to enhance the ADS buyback program previously announced by the company. Sequans focuses on wireless 4G/5G cellular technology in the internet of things sector and announced earlier this year that it adopted Bitcoin as a primary asset allocation asset.