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Sequans shares drop 16% after selling 970 Bitcoin to cut debt

November 4, 2025 by DIGIT
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Sequans shares drop 16% after selling 970 Bitcoin to cut debt

Sequans shares fell 16% on Tuesday after the chip maker said it sold 970 Bitcoin to redeem half of its $189 million outstanding convertible debt.

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  • bitcoinBitcoin(BTC)$87,549.00-2.48%
  • ethereumEthereum(ETH)$2,879.38-3.70%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$866.57-2.79%
  • rippleXRP(XRP)$1.88-1.61%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$125.90-0.67%
  • tronTRON(TRX)$0.297491-0.24%
  • staked-etherLido Staked Ether(STETH)$2,877.57-3.86%
  • dogecoinDogecoin(DOGE)$0.121324-2.01%
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  • bitcoinBitcoin(BTC)$87,549.00-2.48%
  • ethereumEthereum(ETH)$2,879.38-3.70%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$866.57-2.79%
  • rippleXRP(XRP)$1.88-1.61%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$125.90-0.67%
  • tronTRON(TRX)$0.297491-0.24%
  • staked-etherLido Staked Ether(STETH)$2,877.57-3.86%
  • dogecoinDogecoin(DOGE)$0.121324-2.01%