{"id":5354,"date":"2025-11-04T18:16:24","date_gmt":"2025-11-04T18:16:24","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/11\/04\/sequans-sells-970-bitcoin-to-slash-debt-bitcoin-price-slumps-to-101000\/"},"modified":"2025-11-04T18:16:24","modified_gmt":"2025-11-04T18:16:24","slug":"sequans-sells-970-bitcoin-to-slash-debt-bitcoin-price-slumps-to-101000","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/11\/04\/sequans-sells-970-bitcoin-to-slash-debt-bitcoin-price-slumps-to-101000\/","title":{"rendered":"Sequans Sells 970 Bitcoin to Slash Debt, Bitcoin Price Slumps to $101,000\u00a0"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Sequans Sells 970 Bitcoin to Slash Debt, Bitcoin Price Slumps to $101,000\u00a0<\/a><\/p>\n

<\/div>\n

Sequans Communications S.A. (NYSE: SQNS) sold<\/a> 970 Bitcoin to redeem 50% of its July convertible debt. The move reduced total debt from $189 million to $94.5 million.<\/p>\n

The company\u2019s Bitcoin treasury now stands at 2,264 BTC, worth about $240 million. This lowers Sequans\u2019 debt-to-net-asset-value ratio from 55% to 39%. The sale frees up capital and boosts flexibility for the company\u2019s ADS buyback program.<\/p>\n

Sequans is the first publicly listed Bitcoin treasury company to offload a significant portion of its holdings. The transaction does not change the company\u2019s long-term Bitcoin strategy<\/a>, the company said.\u00a0<\/p>\n

The Paris-based IoT semiconductor provider will continue to pursue its Bitcoin treasury initiative while exploring capital markets opportunities. These include potential preferred-share issuance and yield generation on portions of its remaining Bitcoin.<\/p>\n

Sequans\u2019 stock traded near $6.25, down 13% after the announcement. Year-to-date, shares are down 82%.\u00a0<\/p>\n

The company maintains a current ratio of 1.83 and reported $8.1 million in Q2 revenue, with a net loss of $9.1 million. The debt reduction removes covenant constraints and provides additional strategic flexibility for its Bitcoin treasury management.<\/p>\n

This move was slightly expected as analysts\u00a0flagged the transfer<\/a>\u00a0last week after a wallet linked to Sequans moved bitcoin to a Coinbase address.<\/p>\n

Back in July, the company announced<\/a> that it had moved into Bitcoin through a treasury initiative backed by a $384 million private placement. The funding included $195 million in equity securities and $189 million in convertible secured notes.\u00a0<\/p>\n

Sequans planned to use this capital to build a Bitcoin position alongside its core IoT operations.\u00a0<\/p>\n

Bitcoin price slumps<\/h2>\n

Sequan\u2019 sale comes as bitcoin continues to slide<\/a> due to economic factors. Bitcoin\u2019s price has slumped below $101,000, down from its early October all-time high above $126,000.<\/p>\n

The decline has been driven by heavy outflows from crypto ETFs, with spot Bitcoin ETFs losing $1.3 billion and spot Ether ETFs nearly $500 million since October 29.\u00a0<\/p>\n

Technical factors added pressure, as Bitcoin briefly fell below its 200-day moving average, a key gauge of long-term momentum. Renewed strength in the U.S. dollar<\/a> and lingering market fear following October\u2019s \u201ccrypto Black Friday\u201d liquidation event have further suppressed buying interest.<\/p>\n

\n

JUST IN: #Bitcoin<\/a> dips to $101,759 <\/p>\n

BUY THE DIP pic.twitter.com\/42T1vXgO3f<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) November 4, 2025<\/a>\n<\/p><\/div>\n

Analysts warn that if Bitcoin breaks below $100,000, a sharper decline toward April\u2019s $74,000 lows is possible, suggesting a potential 30% downside.\u00a0<\/p>\n

Polymarket data currently puts the odds of Bitcoin falling below $100,000 before 2026 at 89%.<\/p>\n

This post Sequans Sells 970 Bitcoin to Slash Debt, Bitcoin Price Slumps to $101,000\u00a0<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Sequans Sells 970 Bitcoin to Slash Debt, Bitcoin Price Slumps to $101,000\u00a0 Sequans Communications S.A. (NYSE: SQNS) sold 970 Bitcoin to redeem 50% of its July convertible debt. The move reduced total debt from $189 million to $94.5 million. The company\u2019s Bitcoin treasury now stands at 2,264 BTC, worth about $240 million. This […]<\/p>\n","protected":false},"author":0,"featured_media":5355,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-5354","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=5354"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5354\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/5355"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=5354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=5354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=5354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}