Crypto
Sequans Dumps Final Bitcoin Holdings, Closes Crypto Treasury Strategy
Sequans Communications has sold its final 314 Bitcoin, bringing an end to its cryptocurrency treasury strategy that began in June 2025.
The company's CEO, Georges Karam, had initially expressed a strong conviction in Bitcoin as a premier asset and a compelling long-term investment.
In the short span of just over a year, Sequans reduced its Bitcoin holdings from 3,171 BTC to zero, with the last sale taking place on September 24.
The proceeds from the remaining Bitcoin were used to strengthen cash reserves and simplify the company's capital structure.