[Sequans Sells 970 Bitcoins to Reduce Debt to $94.5 Million] U.S.-listed semiconductor company Sequans Communications (NYSE:SQNS) sold 970 bitcoins, reducing its total debt from $189 million to $94.5 million and redeeming 50% of its convertible bonds. The company now holds 2,264 bitcoins, with a net asset value of approximately $240 million. The debt-to-net asset value ratio has decreased from 55% to 39%. CEO Georges Karam stated that this transaction was a tactical decision aimed at unlocking shareholder value. The debt reduction is expected to strengthen the company's previously announced ADS buyback program.