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Sequans Communications, a Bitcoin treasury firm, plans to reverse split its American Depositary Shares (ADSs) to remain listed on the New York Stock Exchange and attract larger institutional investors. Each ADS will soon represent 100 ordinary shares instead of 10. This move aims to meet compliance requirements and appeal to funds that only invest in higher-priced stocks. Despite concerns from the Bitcoin community, Sequans remains committed to its Bitcoin treasury holdings.
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