Sequans, one of Europe’s top institutional bitcoin (BTC) holders, has hit the market with an unexpected 970 BTC sell-off, becoming one of the first corporate BTC investors to offload its holdings. According to its recent social media post, it spent approximately $102 million of the proceeds from the sale to redeem 50% of its convertible debt. Sequans Redeems 50% of Convertible Debt Through Strategic Asset Reallocation. This move opportunistically leverages Bitcoin holdings to enhance financial flexibility, reduce Debt-to-NAV ratio, and boost buyback capacity while preserving long-term treasury optionality. $SQNS Learn… pic.twitter.com/bTbVMQGC2T — Sequans (@Sequans) November 4, 2025 Sequans Sells $102M BTC The company’s recent press release shed more light on the transaction, noting that the firm has reduced its total outstanding debt from $189 million to $94.5 million. Moreover, the company’s BTC portfolio has also reduced from 3,234 BTC to 2,264 BTC. Sequans now ranks 33 on the world’s list of top institutional bitcoin holders. Meanwhile, this sell-off has raised concerns about whether the company still has plans to maintain a bitcoin reserve; hence, Georges Karam, CEO of Sequans, clarified, “Our Bitcoin treasury strategy and our deep conviction in Bitcoin remain unchanged. This transaction was a tactical decision aimed at unlocking shareholder value given current market conditions. It strengthens our financial foundation and removes certain debt covenant constraints, enabling us to pursue a wider set of strategic initiatives to prudently develop and grow our treasury, with Bitcoin as a long-term strategic reserve asset.” Strategy and Riot Boosts BTC Reserve Amid Sequans’ sell-off and the crypto market downtrend, which has brought BTC near the $100,000 mark, Strategy, the world’s first institutional BTC holder, has continued to display unwavering confidence in the apex coin. According to a Monday social media post by its chairman, Michael Saylor, the firm purchased an additional 397 BTC within the last business week. It spent $45.6 million in proceeds from its stock sales for the purchase, acquiring the apex coin at $114,771 per bitcoin. Concluding the purchase, Strategy now holds 641,205 BTC acquired for approximately $47.49 billion at an all-time average price of $74,057 per bitcoin. It has also achieved a BTC Yield of 26.1% YTD 2025. Famous bitcoin miner, Riot, has also displayed confidence in the leading crypto asset by adding the 437 BTC it mined in October to its reserve. As such, the firm now holds 19,324 bitcoin to rank seventh on the institutional bitcoin holders leaderboard. The post Sequans Offloads 970 BTC ($102M) to Repay 50% Convertible Debt appeared first on CoinTab News.Sequans, one of Europe’s top institutional bitcoin (BTC) holders, has hit the market with an unexpected 970 BTC sell-off, becoming one of the first corporate BTC investors to offload its holdings. According to its recent social media post, it spent approximately $102 million of the proceeds from the sale to redeem 50% of its convertible debt. Sequans Redeems 50% of Convertible Debt Through Strategic Asset Reallocation. This move opportunistically leverages Bitcoin holdings to enhance financial flexibility, reduce Debt-to-NAV ratio, and boost buyback capacity while preserving long-term treasury optionality. $SQNS Learn… pic.twitter.com/bTbVMQGC2T — Sequans (@Sequans) November 4, 2025 Sequans Sells $102M BTC The company’s recent press release shed more light on the transaction, noting that the firm has reduced its total outstanding debt from $189 million to $94.5 million. Moreover, the company’s BTC portfolio has also reduced from 3,234 BTC to 2,264 BTC. Sequans now ranks 33 on the world’s list of top institutional bitcoin holders. Meanwhile, this sell-off has raised concerns about whether the company still has plans to maintain a bitcoin reserve; hence, Georges Karam, CEO of Sequans, clarified, “Our Bitcoin treasury strategy and our deep conviction in Bitcoin remain unchanged. This transaction was a tactical decision aimed at unlocking shareholder value given current market conditions. It strengthens our financial foundation and removes certain debt covenant constraints, enabling us to pursue a wider set of strategic initiatives to prudently develop and grow our treasury, with Bitcoin as a long-term strategic reserve asset.” Strategy and Riot Boosts BTC Reserve Amid Sequans’ sell-off and the crypto market downtrend, which has brought BTC near the $100,000 mark, Strategy, the world’s first institutional BTC holder, has continued to display unwavering confidence in the apex coin. According to a Monday social media post by its chairman, Michael Saylor, the firm purchased an additional 397 BTC within the last business week. It spent $45.6 million in proceeds from its stock sales for the purchase, acquiring the apex coin at $114,771 per bitcoin. Concluding the purchase, Strategy now holds 641,205 BTC acquired for approximately $47.49 billion at an all-time average price of $74,057 per bitcoin. It has also achieved a BTC Yield of 26.1% YTD 2025. Famous bitcoin miner, Riot, has also displayed confidence in the leading crypto asset by adding the 437 BTC it mined in October to its reserve. As such, the firm now holds 19,324 bitcoin to rank seventh on the institutional bitcoin holders leaderboard. The post Sequans Offloads 970 BTC ($102M) to Repay 50% Convertible Debt appeared first on CoinTab News.
Sequans Offloads 970 BTC ($102M) to Repay 50% Convertible Debt
2025/11/05 03:00
Sequans, one of Europe’s top institutional bitcoin (BTC) holders, has hit the market with an unexpected 970 BTC sell-off, becoming one of the first corporate BTC investors to offload its holdings. According to its recent social media post, it spent approximately $102 million of the proceeds from the sale to redeem 50% of its convertible debt.
Sequans Sells $102M BTC
The company’s recent press release shed more light on the transaction, noting that the firm has reduced its total outstanding debt from $189 million to $94.5 million. Moreover, the company’s BTC portfolio has also reduced from 3,234 BTC to 2,264 BTC. Sequans now ranks 33 on the world’s list of top institutional bitcoin holders.
Meanwhile, this sell-off has raised concerns about whether the company still has plans to maintain a bitcoin reserve; hence, Georges Karam, CEO of Sequans, clarified,
Strategy and Riot Boosts BTC Reserve
Amid Sequans’ sell-off and the crypto market downtrend, which has brought BTC near the $100,000 mark, Strategy, the world’s first institutional BTC holder, has continued to display unwavering confidence in the apex coin. According to a Monday social media post by its chairman, Michael Saylor, the firm purchased an additional 397 BTC within the last business week.
It spent $45.6 million in proceeds from its stock sales for the purchase, acquiring the apex coin at $114,771 per bitcoin. Concluding the purchase, Strategy now holds 641,205 BTC acquired for approximately $47.49 billion at an all-time average price of $74,057 per bitcoin. It has also achieved a BTC Yield of 26.1% YTD 2025.
Famous bitcoin miner, Riot, has also displayed confidence in the leading crypto asset by adding the 437 BTC it mined in October to its reserve. As such, the firm now holds 19,324 bitcoin to rank seventh on the institutional bitcoin holders leaderboard.
The post Sequans Offloads 970 BTC ($102M) to Repay 50% Convertible Debt appeared first on CoinTab News.
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