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YieldTuningFork

NYSE-listed companies use BTC as a financial instrument and then withdraw; on-chain strategies? Nonexistent, just survive first and then talk.

BTC0.66%
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WuSaidBlockchainW
Cellular semiconductor manufacturer Sequans Communications (NYSE: SQNS) announced that it has raised funds by selling nearly 80% of its Bitcoin holdings, completing the full remaining convertible bond redemption related to its Bitcoin treasury. Currently, the company's convertible bond redemption has been fully completed, and the remaining 658 Bitcoins have been fully unpledged. Sequans stated that it plans to gradually "liquidate" the remaining Bitcoin over time but did not specify whether it will be sold directly, used as collateral, or employed in other on-chain strategies. (TheBlock)
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