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.

source https://cointelegraph.com/news/sequans-falls-16-percent-after-bitcoin-sale-for-debt?utm_source=rss_feed&utm_medium=rss_tag_bitcoin%3F_%3D1762299713935%26vfff%3D1762299713%26r%3D3hop7w&utm_campaign=rss_partner_inbound