Sequans Ditches Remaining Bitcoin Holdings, Exits Cryptocurrency Treasury

French semiconductor company Sequans Communications has sold its remaining 314 Bitcoin and exited its cryptocurrency treasury strategy. The move comes after the company ramped up its Bitcoin position in mid-2025, but gradually shifted away from it as it adjusted its financing and corporate priorities.

The sale of the final 314 BTC completes a process that began when Sequans used prior Bitcoin sales to help redeem half of its convertible debt in November 2025. The company said the exit was tied to the redemption of its convertible debt in May, which it used to strengthen its balance sheet and eliminate debt.

Sequans now has no cryptocurrency holdings and no outstanding debt, except for government-financed research and development commitments. This move fits a broader pattern in 2026, where at least nine companies have fully liquidated or abandoned their Bitcoin treasury strategies, according to VanEck research.