Sequans Communications just made history—and not the kind Bitcoin maxis celebrate. The company offloaded 970 BTC to chip away at $94.5 million in convertible debt, slashing its treasury down to 2,264 coins. What's the big deal? They're now the first publicly traded firm with a Bitcoin treasury strategy to actually hit the sell button in a major way. While others keep stacking sats, Sequans chose debt management over diamond hands. Treasury down by 30%, but their balance sheet? Probably sleeping better tonight.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
22 Likes
Reward
22
5
Repost
Share
Comment
0/400
HashBrownies
· 11-08 03:40
Who the hell cares if they sell or not?
View OriginalReply0
LongTermDreamer
· 11-07 14:17
Hang in there for another three years, anyway, I've already lost a lot.
View OriginalReply0
PebbleHander
· 11-05 04:49
If you don't understand hodl, what are you even doing in the crypto world?
Sequans Communications just made history—and not the kind Bitcoin maxis celebrate. The company offloaded 970 BTC to chip away at $94.5 million in convertible debt, slashing its treasury down to 2,264 coins. What's the big deal? They're now the first publicly traded firm with a Bitcoin treasury strategy to actually hit the sell button in a major way. While others keep stacking sats, Sequans chose debt management over diamond hands. Treasury down by 30%, but their balance sheet? Probably sleeping better tonight.