Sequans Sells Final 314 Bitcoin, Concluding Its Treasury Experiment

French chipmaker Sequans Communications has completely unwound its corporate Bitcoin strategy, announcing the sale of its final 314 tokens on September 24. The divestment closes a chapter that began in mid-2025 when the company aggressively accumulated more than 3,200 BTC, a position it began scaling back within months as financing priorities shifted.

The Paris-based semiconductor firm said the liquidation follows the full redemption of its convertible debt in May, a move that leaves it with no cryptocurrency holdings and no outstanding obligations beyond government-financed research and development commitments. Georges Karam, the company's chief executive, framed the exit as a strategic reset rather than a retreat from digital assets.

"With the convertible notes redeemed and a very strong balance sheet in place, we can now focus entirely on our semiconductor growth strategy," he said in a statement.

Sequans intends to channel its resources back into its core businesses: cellular Internet-of-Things connectivity and software-defined radio technology. The company had initially described Bitcoin as "a premier asset and a compelling long-term investment" when it unveiled a $384 million capital raise in June 2025 to fund the treasury initiative.