Sequans Communications Exits Bitcoin Treasury Strategy

NYSE-listed semiconductor firm Sequans Communications has sold its remaining 34 BTC, officially concluding its Bitcoin treasury strategy. The company began liquidating its holdings earlier this year to focus on debt reduction and core business growth. Following the final sale, Sequans reports no remaining cryptocurrency assets on its balance sheet. The company noted that its product revenue grew by over 80% year-over-year in Q2, with a significant increase in its product backlog. Other firms, including Satsuma Technologies and Empery Digital, have also reduced their Bitcoin exposure this year.