Sequans Completes Bitcoin Treasury Exit with Stronger Balance Sheet
Sequans Communications S.A., a leading provider of 5G/4G cellular IoT and software-defined radio (SDR) semiconductor solutions, has completed its Bitcoin treasury exit. The company sold off the remaining 314 Bitcoins held on its balance sheet as of June 30, 2026.
This move marks an important milestone for Sequans, with Dr. Georges Karam, CEO, stating 'The completion of our Bitcoin treasury strategy marks an important milestone for Sequans and reflects the disciplined execution of a strategy designed to strengthen our financial foundation.' The company now holds a strong cash position and has eliminated its outstanding debt outside of government-financed R&D projects.
Sequans' focus is now on scaling its cellular IoT and SDR semiconductor business, with product revenue growing over 80% year-over-year in the second quarter. The company's six-month product backlog at quarter-end more than tripled versus the prior year, providing improved visibility into future revenue growth.