Sequans Communications recently confirmed the sale of 970 BTC to pay off $94.5 million in convertible debt. This action has successfully reduced its Debt-to-NAV ratio from 55% to 39%, showcasing an innovative approach to manage liabilities.
Public companies are increasingly adopting Bitcoin as a treasury asset to enhance financial resilience. Sequans exemplifies how semiconductor firms leverage Bitcoin to optimize their balance sheets while addressing short-term financial obligations.
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