Sequans' move is quite typical — using coins to raise funds to unlock the position, the remaining 658 coins will probably have to be sold sooner or later, institutions FOMOing into the market is easy, HODLing is really hard

Cellular semiconductor manufacturer Sequans Communications (NYSE: SQNS) announced that it has raised funds by selling nearly 80% of its Bitcoin holdings, completing all remaining convertible bond redemptions related to its Bitcoin treasury. Currently, the company’s convertible bond redemptions have all been completed, and the remaining 658 Bitcoins have been fully released from any pledge restrictions. Sequans said it plans to gradually “liquidate” the remaining Bitcoins over time, but did not specify whether it will sell them directly, use them as collateral, or employ them in other on-chain strategies. (TheBlock)