Bitcoin Companies Cut Debt with Bitcoin Reserves Amid Price Volatility
Bitcoin-focused companies like Sequans Communications are reducing debt by using Bitcoin reserves as part of their treasury strategies. Sequans sold 970 BTC worth $94.5 million, cutting its liabilities by 50% and lowering its debt-to-NAV ratio to 39%. Despite this move, the company’s stock fell 82% in a year. The trend is being seen among listed … Read more