Sequans sells final 314 Bitcoin to end treasury strategy

Sequans Communications sold its remaining 314 Bitcoin on Thursday, ending its digital asset treasury initiative. CoinTelegraph noted that the French semiconductor manufacturer used the proceeds to clear convertible debt and refocus on core cellular internet-of-things and software-defined radio operations.

The firm started this program in June 2025 by issuing $384 million in equity securities and convertible secured debentures. At its highest point, Sequans managed a portfolio exceeding 3,200 BTC. CEO Georges Karam called Bitcoin "a premier asset and a compelling long-term investment" at the outset.

Fewer than six months after launching the plan, the company started divesting. It offloaded 970 BTC in November, using the funds to repay half of its convertible debt. By May 2026, management confirmed the strategy was discontinued. Karam stated that Sequans now holds no cryptocurrency and has no outstanding debt, aside from government-financed research and development commitments.

Matthew Sigel, head of digital assets research at VanEck, observed that at least nine firms have fully liquidated or abandoned similar treasury plans in 2026. UK-listed Satsuma Technology recently cleared shareholder approval to dispose of its full 669 BTC stake, a move intended to return capital to investors and terminate its stock exchange listing.