MAROKO133 Breaking crypto: Sequans Dumps 970 BTC to Slash Debt as Bitcoin Price Hits 4-Mon

📌 MAROKO133 Update crypto: Sequans Dumps 970 BTC to Slash Debt as Bitcoin Price Hi

Paris-based semiconductor firm Sequans Communications has sold nearly 970 Bitcoin, about a third of its total holdings, in a bid to cut debt and stabilize its balance sheet, becoming the first publicly traded Bitcoin treasury company to offload its reserves amid a cooling crypto market.

The company announced on Tuesday that the sale has funded the redemption of 50% of its outstanding convertible debt, thereby reducing liabilities from $189 million to $94.5 million.

The transaction, valued at roughly $94.5 million, trims Sequans’ Bitcoin treasury from 3,234 BTC to 2,264 BTC, worth about $232 million at current prices.

The move lowers its debt-to-net-asset-value ratio from 55% to 39%, which management described as a “strategic asset reallocation.”

Sequans Drops to 33rd-Largest Bitcoin Holder After The Recent Sale

Chief Executive Officer Georges Karam framed the decision as tactical rather than a change in policy. “Our Bitcoin treasury strategy and deep conviction in Bitcoin remain unchanged,” Karam said.

“This transaction was a tactical decision aimed at unlocking shareholder value given current market conditions.”

On-chain data first spotted the shift last week, when a wallet linked to Sequans transferred nearly 1,000 BTC to a Coinbase address.

The company confirmed the transaction on Tuesday, saying it was part of a broader effort to strengthen financial flexibility and remove certain debt covenant constraints.

Sequans’ stock traded around $6.20 following the announcement, down more than 56% since it began its Bitcoin-treasury strategy in July.

Meanwhile, Bitcoin (BTC) slipped below $103,000, its lowest level in more than four months, adding to the pressure facing leveraged corporate holders.

Sequans said the debt reduction will give it more room to pursue its American Depositary Share (ADS) buyback program, issue preferred shares, and potentially generate yield on a portion of its remaining Bitcoin holdings.

The firm’s remaining 1,294 BTC continue to serve as collateral for its outstanding debt.

The sale also drops Sequans’ position on the Bitcoin Treasuries ranking from No. 29 to No. 33 among public companies holding Bitcoin.

The company said its latest deleveraging move provides “a more prudent leverage ratio” and ensures it can “responsibly develop and grow its treasury with Bitcoin as a long-term strategic reserve asset.”

Bitcoin DATs Dreams Meet Market Headwinds: How Are They Reacting?

Sequans entered the Bitcoin treasury arena in June 2025, raising $385 million through debt and equity placements advised by Swan Bitcoin.

The company modeled its approach after MicroStrategy’s leveraged accumulation strategy, using capital market instruments to purchase Bitcoin as a balance-sheet reserve.

In July, Sequans added 1,264 BTC, valued at approximately $150 million, bringing its total to over 2,300 BTC at the time.

The company followed that with an August announcement that it would raise up to $200 million through an at-the-market equity program to further expand its holdings, part of a long-term goal to reach 100,000 BTC by 2030.

However, the timing of the recent sell-off reflects the growing financial strain facing Bitcoin treasury firms as the crypto market cools.

Falling prices have eroded stock premiums, making it harder for companies to issue new equity or convertible debt to fund acquisitions.

According to market data, institutional Bitcoin accumulation fell below daily mining supply in early November for the first time in seven months.

Analysts note that firms using debt to accumulate Bitcoin are particularly exposed during downturns.

As Bitcoin’s price drops, its stock valuations tend to fall even faster, amplifying leverage risk.

Several companies, including Japan’s Metaplanet and MicroStrategy (now Strategy), have adapted by shif…

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🔗 Sumber: cryptonews.com

📌 MAROKO133 Hot crypto: Trump Admin Links Binance Pardon to ‘Ending Biden’s War on

The Trump administration has defended its controversial decision to pardon Binance founder Changpeng Zhao (CZ).

It comes only days after Trump claimed not to know the Binance executive, despite erasing all his anti-money laundering convictions.

White House Says CZ Pardon Marks a New Era for US Crypto Policy

White House Press Secretary Karoline Leavitt told reporters on Tuesday that the CZ pardon reflects President Trump’s “commitment to financial freedom, innovation, and fair treatment for US entrepreneurs and global partners in the crypto economy.

Speaking to members of the media, she accused the previous administration of waging a “regulatory crusade” that drove blockchain talent and capital overseas

Leavitt framed the move as part of a broader effort to “end Biden’s war on crypto” and restore the United States’ standing as a global leader in digital innovation.

“President Trump exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency. This administration will support innovation — not criminalize it,” Leavitt said.

CZ, who previously pleaded guilty to compliance failures at Binance and served a four-month sentence, has remained a polarizing figure in global finance.

Critics of the pardon argue that it undermines the Justice Department’s prior efforts to strengthen oversight in the crypto sector. Supporters, however, see it as a powerful symbolic gesture signaling Trump’s intent to make the US a hub for blockchain growth.

Meanwhile, this development comes shortly after the US president denied knowing CZ, sidestepping any personal connection to the Binance executive.

“I don’t know who he is. I know he got a four-month sentence or something like that. And I heard it was a Biden witch hunt,” TradFi media reported, citing Trump.

Longest US Government Shutdown on Record

The announcement came as the US government shutdown entered a record-breaking stretch, with federal agencies shuttered for over five weeks due to a funding impasse between the White House and congressional Democrats.

The prolonged stalemate has already rattled markets, triggering volatility across equities and digital assets.

“The US government has now entered day number 35, making it the LONGEST in history. Since the shutdown began on October 1, the US government has borrowed $600 BILLION worth of debt. That’s +$17 billion PER DAY,” wrote the Kobeissi Letter.  

Trump advisers used the press briefing to contrast what they called the administration’s “pro-growth digital policy” with what they described as Democratic obstructionism on both spending and innovation.

The post Trump Admin Links Binance Pardon to ‘Ending Biden’s War on Crypto’ appeared first on BeInCrypto.

🔗 Sumber: www.beincrypto.com