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Sequans completes Bitcoin reserve liquidation, shifting focus to IoT semiconductor business

According to The Block, the publicly listed company Sequans Communications in Paris, France, announced the completion of all convertible debt redemptions related to Bitcoin reserves, selling approximately 80% of its Bitcoin holdings to repay the debt, and currently only 658 BTC remain, which are fully unrestricted. The company’s CEO Georges Karam stated that this move…

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Dashdot collapse sparks fears more property firms follow

Dashdot’s collapse has raised fears more real estate-linked firms could come under pressure, with ASIC data showing 426 insolvencies in Rental, Hiring and Real Estate Services so far this financial year. An outspoken property advisory’s collapse has sparked fears more real estate-linked firms could falter as Labor’s investor tax shake-up hits already fragile businesses. Dashdot…