Sequans Communications Exits Bitcoin Treasury Strategy

French semiconductor firm Sequans Communications has sold its remaining 314 BTC, completing its exit from a corporate treasury strategy that once held over 3,200 BTC. The company stated the move follows the redemption of convertible debt in May 2026 and allows it to focus on its core IoT and semiconductor business. Sequans reported significant growth in product revenue and backlog following the shift away from its digital asset holdings.