Sequans sold 1,200 BTC in Q2, completed debt repayment

Sequans Communications, a Nasdaq-listed semiconductor company, sold 1,200 BTC in the second quarter, cutting its holdings 79.3% to 314 BTC as of June 30 from 1,514 BTC as of March 31, CryptoSlate reported. The move was part of a strategy to repay convertible debt and raise cash, and the company announced on May 28 that it had completed the debt repayment through Bitcoin sales.