REALITY CHECK | Sequans is the Latest Bitcoin Treasury Firm to Sell All its Bitcoin

French semiconductor company, Sequans Communications, has sold its remaining 314 Bitcoin completing its exit from a corporate treasury strategy that at one point saw it hold more than 3,200 BTC.

Sequans said that the sale followed the redemption of its convertible debt in May 2026 and would allow the company to re-focus on its core cellular Internet-of-Things (IoT) and software-defined radio businesses.

The company now holds no cryptocurrency and has no outstanding debt apart from obligations tied to government-financed research and development projects, it said.

“By eliminating our convertible debt, monetizing our remaining Bitcoin holdings in a measured and opportunistic manner, and emerging with a very strong balance sheet, we have positioned the Company to focus entirely on executing our long-term semi-conductor growth strategy,” Chief Executive, Georges Karam, said.

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Sequans launched its Bitcoin treasury strategy in June 2025 after raising about $384 million through equity securities and convertible secured debentures. Karam at the time described Bitcoin as ‘a premier asset and a compelling long-term investment.’