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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)$89,121.00-3.47%
  • ethereumEthereum(ETH)$3,019.93-3.71%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.02-3.38%
  • binancecoinBNB(BNB)$880.12-2.11%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$132.34-4.75%
  • tronTRON(TRX)$0.2855260.17%
  • staked-etherLido Staked Ether(STETH)$3,018.53-3.48%
  • dogecoinDogecoin(DOGE)$0.138485-6.21%
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  • bitcoinBitcoin(BTC)$89,121.00-3.47%
  • ethereumEthereum(ETH)$3,019.93-3.71%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.02-3.38%
  • binancecoinBNB(BNB)$880.12-2.11%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$132.34-4.75%
  • tronTRON(TRX)$0.2855260.17%
  • staked-etherLido Staked Ether(STETH)$3,018.53-3.48%
  • dogecoinDogecoin(DOGE)$0.138485-6.21%