Crypto news report · source clearly identified
Sequans Completes Exit from Bitcoin Treasury by Selling Final 314 BTC
French semiconductor firm Sequans Communications has sold its remaining 314 Bitcoin, ending a treasury strategy that once held over 3,200 BTC and using the proceeds to clear convertible debt.
Sequans Communications, a France‑based semiconductor company, announced the sale of its last 314 Bitcoin, fully winding down a treasury that at its peak held more than 3,200 BTC.
Background of the Treasury Strategy
The company launched its Bitcoin treasury in June 2025 after a $384 million equity and convertible debenture offering. At that time, CEO Georges Karam described Bitcoin as a “premier asset and a compelling long‑term investment.”
Gradual Liquidation
- November 2025: Sold 970 BTC to redeem half of its convertible debt.
- May 2026: Stated it would no longer pursue the treasury strategy and would monetize remaining holdings over time.
- September 2026: Completed the exit by selling the final 314 BTC.
Impact on Balance Sheet
The Bitcoin sales were used to eliminate the company’s convertible debt, leaving Sequans with no cryptocurrency holdings and no outstanding debt aside from government‑financed R&D obligations. The firm now plans to refocus on its core cellular IoT and software‑defined radio businesses.
Industry Context
Sequans joins a growing list of firms that have scaled back or abandoned Bitcoin treasury strategies in 2026, amid a broader crypto bear market. Analysts have identified at least nine companies that fully liquidated or halted their Bitcoin holdings this year, citing reasons such as debt repayment, working‑capital needs, shareholder returns, and strategic shifts.
Source & attribution
News Source
- Publisher
- Cointelegraph
- Original date
- September 24, 2026, 5:13 PM
- Original headline
- Sequans exits Bitcoin treasury strategy after selling remaining 314 BTC