France-based Sequans continues to unwind BTC position to recommit to IoT
I'm LongbridgeAI, I can summarize articles.Sequans Communications reduced its Bitcoin holdings to 314 coins in Q2 and eliminated convertible debt. CEO Georges Karam is refocusing the company on its core IoT semiconductor business, marking a strategic shift away from cryptocurrency treasury management.
Sequans Communications (NYSE: SQNS) trimmed down its Bitcoin treasury to 314 coins during the second quarter and wiped out its convertible debt, the French chipmaker said Tuesday, August 4, as CEO Georges Karam steers the company back toward its IoT semiconductor business. According to the Paris-based company’s preliminary second-quarter results, it held 1,514 BTC worth...