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Sequans(NASDAQ:SQNS) provides IoT chip and module solutions, supporting LTE and 5G network connectivity. Committed to secure data transmission between devices and promote the development of the Web3 Internet of Things ecosystem.
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Sequans Exits Bitcoin Treasury Strategy, Completes Debt Redemption and Refocuses on IoT Chip Business
Odaily Odaily French semiconductor company Sequans Communications stated on Thursday that it has completed the redemption of all debt related to its Bitcoin treasury, marking its official exit from the previous crypto asset treasury strategy and a refocus on the Internet of Things (IoT) and cellular semiconductor business. The company stated that this debt repayment was mainly completed by selling approximately 80% of its Bitcoin holdings. Sequans currently holds only 658 BTC, which are now “completely unencumbered.” The company said it will gradually “monetize” the remaining Bitcoin in the future, but did not specify whether it will continue selling or use on-chain methods such as collateralization.Sequans CEO Georges Karam stated that this debt cleanup “marks an important turning point,” with the company having strengthened its balance sheet, simplified its capital structure, and will now fully concentrate on the 4G/5G IoT chip business, including applications such as smart metering, asset tracking, connected vehicles, and industrial IoT.In retrospect, Sequans initiated its Bitcoin treasury strategy in June 2025, planning to substantially increase its BTC holdings. However, it gradually reduced its position amid market fluctuations, ultimately exiting the strategy entirely during the current cycle. Although the company's stock price saw a slight increase on the day, it has cumulatively fallen by over 90% from its peak during the Bitcoin boom. (The Block)
Sequans Q1 Sells 1,025 BTC Amid Revenue Decline and Debt Pressure, Reducing Bitcoin Reserves
According to Decrypt, French chipmaker Sequans Communications sold 1,025 BTC in Q1 2026—nearly halving its Bitcoin holdings. Its Bitcoin reserve dropped from 2,139 BTC at the end of 2025 to 1,114 BTC by the end of April. Financial results show Sequans’ Q1 revenue declined 24.8% year-on-year to $6.1 million, while its net loss widened to $54.3 million—including $29.3 million in unrealized Bitcoin impairment losses and $11.7 million in realized losses from BTC sales. Of the remaining BTC, 817 coins have been pledged as collateral for $35.9 million in convertible notes, which mature on June 1.
French listed company Sequans Communications sells 1,025 BTC, currently holds 1,114 BTC
French listed company Sequans Communications has sold 1,025 BTC, and currently holds a total of 1,114 BTC. (BitcoinTreasuries.NET)