Sequans shares drop 16% after selling 970 Bitcoin to cut debt

Sequans shares fell 16% on Tuesday after the chip maker said it sold 970 Bitcoin to redeem half of its $189 million outstanding convertible debt.

Sequans shares fell 16% on Tuesday after the chip maker said it sold 970 Bitcoin to redeem half of its $189 million outstanding convertible debt.
Wall Street indexes retreat, led by decline in Nasdaq.Traders remain cautious after recent stocks run-up.Bitcoin fall highlights growing investor concerns.
Bitcoin tumbled sharply on Tuesday, falling more than 6% to slip below $100,000 for the first time since…



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