Sequans Sells 1,025 Bitcoin to Fund Debt Redemption and Buybacks

Sequans sold 1,025 Bitcoin in the first quarter to fund convertible debt redemptions and an ADS buyback program. The sale cut its holdings from 2,139 BTC at the end of 2025 to 1,114 BTC by the close of April, with 817 BTC pledged as collateral for $35.9 million in outstanding convertible notes. First-quarter revenue fell 24.8% year on year to $6.1 million.

BTC-2.05%
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