{"id":15179,"date":"2025-11-04T16:30:10","date_gmt":"2025-11-04T16:30:10","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-treasury-firm-sequans-sells-970-btc-to-reduce-debt\/"},"modified":"2025-11-04T16:30:18","modified_gmt":"2025-11-04T16:30:18","slug":"bitcoin-treasury-firm-sequans-sells-970-btc-to-reduce-debt","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-treasury-firm-sequans-sells-970-btc-to-reduce-debt\/","title":{"rendered":"Bitcoin treasury firm Sequans sells 970 BTC to reduce debt"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin treasury firm Sequans sold 970 BTC to reduce debt, says it remains committed to long-term accumulation. <\/p>\n<div id=\"cn-block-summary-block_b433de4bd6c0bb70e88683bf8b797d94\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Sequans sold 970 BTC to reduce debt, while remaining committed to accumulation<\/li>\n<li>The sale enabled the firm to halve its debt, reducing it to $94.5 million<\/li>\n<li> Some small-cap treasury firms routinely sell their BTC for cash flow<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>In a rare move, a Bitcoin treasury firm sold its BTC holdings. Sequans Communications, a publicly traded IoT chipmaker, and a Bitcoin treasury firm announced the sale of 970 BTC from their balance sheets. The company sold its BTC to halve its debt from $189 million to $94.5 million, in an effort to strengthen its financial position.<\/p>\n<p>Sequans now holds 2,264 BTC, down from 3,234 BTC, with a net asset value of about $240 million. Still, according to Georges Karam, CEO of Sequans, this operation puts the company in a better position to expand its Bitcoin holdings in the future. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cOur Bitcoin treasury strategy and our deep conviction in Bitcoin remain unchanged,\u201d <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sequans.com\/sequans-redeems-50-of-convertible-debt-through-strategic-asset-reallocation\/\" target=\"_blank\" rel=\"nofollow\">said<\/a> Georges Karam, CEO of Sequans. \u201cThis transaction was a tactical decision aimed at unlocking shareholder value given current market conditions.\u201d <\/p>\n<\/blockquote>\n<p>Sequeans has a market cap of $95 million, trading at a discount compared to its BTC holdings minus its debt. For this reason, the operation enabled it to reduce its debt-to-NAV ratio from 55% to 39%, potentially improving its financial position. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Bitcoin treasury firms rarely sell their BTC<\/h2>\n<p>Most Bitcoin treasury firms rarely or ever sell their Bitcoin balance, relying on steady accumulation to boost their share price. For instance, Strategy <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.kucoin.com\/learn\/crypto\/microstrategy-s-bitcoin-holdings-and-purchase-history?lang=en_US&amp;\" target=\"_blank\" rel=\"nofollow\">sold 704 BTC<\/a> in December 2022, only to promptly repurchase them.<\/p>\n<p>Still, several companies have reduced their Bitcoin treasuries in the past. Notably, Bitcoin miners <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/hashrateindex.com\/blog\/public-bitcoin-miners-sold-more-bitcoin-than-they-mined-in-july-2022\/\" target=\"_blank\" rel=\"nofollow\">routinely sell<\/a> their Bitcoin to cover operating expenses and generate cash, and sales sometimes exceed the Bitcoin they generate.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin treasury firm Sequans sold 970 BTC to reduce debt, says it remains committed to long-term accumulation. Summary Sequans sold 970 BTC to reduce debt, while remaining committed to accumulation&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=15179"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15179\/revisions"}],"predecessor-version":[{"id":15180,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15179\/revisions\/15180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8797"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=15179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=15179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=15179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}