Sequans Exits Bitcoin Treasury Strategy After Selling Remaining 314 BTC

Sequans Communications has completed its exit from a Bitcoin treasury strategy that once saw the company hold over 3,200 BTC. The French semiconductor firm sold its remaining 314 BTC, citing the redemption of its convertible debt in May as the reason for the move.

According to CEO Georges Karam, the company used the proceeds from the Bitcoin sales to eliminate its convertible debt and strengthen its balance sheet. This exit follows a trend of companies abandoning or scaling back their accumulation strategies amid the crypto bear market.

In 2025, Sequans launched its Bitcoin treasury strategy after raising $384 million through an equity sale and convertible secured debentures. However, it began reducing its holdings less than six months later, selling 970 BTC in November to redeem half of its convertible debt. By May 2026, the company said it was 'no longer pursuing' the treasury strategy.

This move marks a significant development in the crypto space, as more companies are opting out of their Bitcoin treasuries due to financial constraints and shifts in business strategies. Satsuma Technology, Bitdeer, Genius Group, and Prenetics have also fully liquidated their Bitcoin holdings this year.