TechFlow News, May 28: According to The Block, Paris-listed French company Sequans Communications announced the full redemption of all convertible debt linked to its Bitcoin reserve. To repay this debt, the company sold approximately 80% of its Bitcoin holdings and now holds only 658 BTC—fully unrestricted. CEO Georges Karam stated that this move strengthens the company’s balance sheet and simplifies its capital structure, enabling Sequans to focus entirely on scaling its 4G/5G IoT semiconductor, RF transceiver, and defense wireless applications businesses.
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