Dossier
Sequans
Coverage of Sequans in the Nexus archive.
- Sequans completes bitcoin treasury unwind, refocuses on IoT semiconductors
Sequans has completed its bitcoin treasury unwind, leaving its remaining 658 BTC fully unrestricted after settling all convertible debt redemptions. The company is now refocusing its efforts on IoT semiconductors.
- Sequans sells 1,025 bitcoin to fund debt redemption and buybacks as revenue drops 24.8%
Sequans sold 1,025 bitcoin to fund debt redemption and buybacks, resulting in a reduced treasury reserve of 1,114 BTC. The company's Q1 revenue fell by 24.8% to $6.1 million. This significant decrease in revenue may impact the company's financial stability.