Sequans exits Bitcoin treasury strategy after selling remaining 314 BTC
The France-based semiconductor company has fully unwound a Bitcoin treasury that once held more than 3,200 BTC as more firms scale back crypto holdings.
France-based semiconductor company Sequans Communications has fully exited a Bitcoin treasury strategy that once held over 3,200 BTC. The company sold its remaining 314 Bitcoin, completing its unwinding of the strategy. The move follows the redemption of its convertible debt in May 2026, allowing Sequans to refocus on its core cellular IoT and software-defined radio businesses.
CEO Georges Karam stated that the Bitcoin sales were used to eliminate the company's convertible debt and strengthen its balance sheet, leaving Sequans with no cryptocurrency holdings and only government-backed research and development obligations. Sequans began its Bitcoin treasury strategy in June 2025 after raising $384 million through equity securities and convertible debentures.
The company had previously sold a significant portion of its Bitcoin holdings, reducing its position by nearly 970 BTC in November 2025 to repay half of its convertible debt.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
