Sequans sells 80% of BTC holdings to repay debt, refocus on core business

Nasdaq-listed semiconductor firm Sequans Communications (SQNS) has ended its Bitcoin accumulation strategy, selling 80% of its holdings to repay debt, The Block reported. The company, which once held 3,000 BTC, now has 658 BTC remaining. Sequans plans to sell its remaining Bitcoin to prioritize its core 4G/5G semiconductor business and expand its wireless applications for drone systems.