Sequans Ends Bitcoin Treasury Strategy After Less Than 1 Year, Holds 658 BTC Worth $48M

Sequans Communications ended its bitcoin treasury strategy Thursday after less than a year, the France-based semiconductor company announced. The company currently holds 658 BTC, worth approximately $48 million, and plans to monetize the remaining holdings over time while refocusing on its Internet of Things semiconductor business.

Sequans launched the treasury plan in June 2025 by raising $384 million through equity and convertible debt offerings. Since then, bitcoin has fallen more than 30%, from $105,419 to $72,780, and the company's NYSE-traded shares have declined over 75%. The company said it has fully redeemed all convertible debt issued in July 2025 using proceeds from liquidating part of its bitcoin holdings.