PANews reported on November 4th that, according to Investing, US-listed Sequans Communications (NYSE:SQNS) disclosed that it redeemed approximately 50% of its convertible bonds by selling 970 bitcoins, reducing the company's total debt from $189 million to $94.5 million. Sequans currently holds 2,264 bitcoins, down from 3,234 previously. Based on current market prices, its net worth in bitcoins is approximately $240 million, and its debt-to-net-worth ratio has decreased from 55% to 39%.

Previously, on October 29, it was reported that Bitcoin finance company Sequans allegedly transferred 970 BTC to a Coinbase deposit address .