France-based Sequans continues to unwind BTC position to recommit to IoT

AI Summary Sequans Communications (NYSE: SQNS) trimmed down its Bitcoin treasury to 314 coins during the second quarter and wiped out its convertible debt, the French chipmaker said Tuesday, August 4, as CEO Georges Karam steers the company back toward its IoT semiconductor business. According to the Paris-based company’s preliminary second-quarter results, it held 1,514 BTC worth... fulltext: 381 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/sequans-cuts-bitcoin-stash-to-314-coins/ Source: CryptoPolitan