Sequans Communications, a publicly traded semiconductor company (Nasdaq: SQNS), has strategically sold 970 Bitcoin (BTC) to significantly reduce its outstanding debt. According to a recent CoinDesk report, this sale allowed Sequans to repay 50% of its convertible bonds, effectively cutting its debt burden in half, from $189 million to $94.5 million. While reducing debt, Sequans still holds a considerable amount of Bitcoin. The company currently possesses 2264 BTC, demonstrating a continuing, albeit adjusted, commitment to the cryptocurrency. CEO Georges Karam emphasized that the company's overall long-term Bitcoin strategy remains consistent, suggesting that this debt repayment was a calculated financial maneuver rather than a shift in investment philosophy. This move could be viewed favorably by investors, as it strengthens Sequans' financial position and reduces risk. ```