The France-based semiconductor firm that introduced a transfer into crypto is “now not pursuing” a treasury technique after lower than a yr.
In a Thursday discover, Sequans Communications mentioned it held 658 Bitcoin (BTC) price about $48 million on the time of publication, which it mentioned was “absolutely unencumbered” and unrestricted because it seems to refocus solely on Web of Issues (IoT) semiconductor progress.
The corporate’s NYSE-traded shares, which have shed greater than 75% since final June, have been up greater than 14.5% in morning buying and selling following the announcement.
In accordance with the corporate, it had concluded the digital asset treasury technique it launched in June 2025 and would “monetize remaining holdings over time.” The shift in technique got here as Sequans mentioned it had absolutely redeemed all convertible debt issued in July 2025, funded with the liquidation of a few of its BTC holdings on the time.
CEO Georges Karam mentioned that the corporate was “absolutely targeted on scaling [its] [Internet of Things] semiconductor enterprise,” not mentioning any plans to scale up crypto investments.
Supply: Sequans
Sequans introduced the sale of $384 million in fairness securities and convertible secured debentures a yr in the past, with Karam calling Bitcoin “a premier asset and a compelling long-term funding” on the time. Because the launch of its treasury technique, the worth of Bitcoin has fallen by greater than 30%, from $105,419 to $72,780.
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Capital B shares proceed dropping after Bitcoin acquisition
The transfer away from a digital asset treasury reduces the entire variety of publicly traded European firms investing in Bitcoin and different cryptocurrencies to 40, in line with web site Bitcoin Treasuries. It lists 67 publicly traded US firms, together with Technique, which introduced a $2 billion buy in Bitcoin on Could 18, bringing its whole holdings to 843,738 BTC.
One other France-based Bitcoin treasury firm, Capital B, final week introduced that it had bought greater than $15 million price of BTC, bringing its whole holdings as much as 3,135 cash. The corporate’s inventory value has since fallen greater than 16%.
Supply: Yahoo! Finance
BitcoinTreasuries knowledge exhibits Capital B was the Twenty fifth-largest BTC treasury globally, trailing behind Germany’s Bitcoin Group SE.
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