Sequans Dumps Remaining Bitcoin Holdings, Focuses on Chip Growth

Sequans Communications has completed its exit from its Bitcoin corporate treasury strategy by selling off its remaining 314 BTC holdings. This move marks a significant milestone for the company, which now has zero cryptocurrency assets and no outstanding corporate debt beyond obligations tied to government-financed research and development projects.

The sale of its digital asset reserves follows a capital restructuring campaign that began in May 2026 with the redemption of the company's convertible debt. By eliminating its convertible debt and monetizing its remaining Bitcoin holdings, Sequans has simplified its balance sheet and enhanced its cash position.

According to CEO Georges Karam, this move positions the company to focus entirely on executing its long-term semiconductor growth strategy. '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,' he said.

The company has reported strong financial momentum in its core chip operations, with product revenue increasing by over 80% year-over-year in the second quarter of 2026. Its six-month product backlog at the end of the second quarter more than tripled compared to the prior-year period, driven by higher design-win conversion rates.