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.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
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.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
XRP Price Drops, But ETF Defies Crypto Bloodbath as Bitcoin and Ethereum Funds Bleed
US spot XRP ETFs recorded about $740,000 in net inflows even as the coin lost 6% of its price over 24 hours. Bitcoin, Ethereum, So...
Why Is XRP Down Today? Bears Target $1.30 Support as Selling Pressure Builds
The downturn has weakened XRP’s short-term technical structure, leaving traders focused on whether buyers can defend nearby suppor...
Why Is Crypto Down? Hotter CPI Fuels Fears of Delayed Fed Rate Cuts
Why is crypto down? Bitcoin fell by 4% over 24 hours, while Ethereum lost about 6.5% as hotter U.S. inflation and a technology sel...
VanEck Pulls Plug on Lido Staked ETH ETF After Yearlong Wait
VanEck Digital Assets asked the SEC last night, UK time, to withdraw the registration for its proposed Lido Staked Ethereum ETF, n...
Bitcoin’s loss-selling spike near $80K may mark a local bottom, Glassnode says
Bitcoin's recent loss-selling may signal a local bottom, suggesting potential market stabilization, but ETF outflows could challen...
Three Canadian Soldiers Arrested in Armed Crypto Kidnapping Plot
The men were part of a group of seven that conducted a violent cryptocurrency abduction targeting a victim in Toronto back in July...