Sequans Exits Bitcoin Treasury Strategy After Selling Remaining 314 BTC
Sequans Communications has sold its remaining 314 BTC, bringing an end to its Bitcoin treasury strategy. The French semiconductor company held a total of more than 3,200 BTC at one point.
The sale follows the redemption of Sequans' convertible debt in May and will allow the company to refocus on its core cellular internet-of-things (IoT) and software-defined radio businesses.
CEO Georges Karam stated that the company used Bitcoin sales to eliminate its convertible debt and strengthen its balance sheet, leaving Sequans with no cryptocurrency holdings and no outstanding debt beyond government-financed research and development obligations.
This move comes amidst a growing trend of companies abandoning or scaling back their accumulation strategies in 2026 amid the crypto bear market. According to Matthew Sigel, head of digital assets research at VanEck, at least nine companies have fully liquidated or abandoned their Bitcoin and crypto treasury strategies this year.