Sequans Communications, a US-listed company, has significantly reduced its debt by selling 970 bitcoins. This move allowed the company to redeem approximately 50% of its convertible bonds, cutting its total debt from $189 million to $94.5 million. Following the sale, Sequans' bitcoin holdings decreased from 3,234 to 2,264 BTC, with a net worth of about $240 million based on current market prices. Consequently, the company's debt-to-net-worth ratio improved from 55% to 39%.