French Semiconductor Firm Sequans Liquidates Entire Bitcoin Holdings

French semiconductor company Sequans Communications has sold its final 314 BTC, officially ending the corporate Bitcoin treasury strategy it initiated in 2025. The firm, which once held over 3,200 BTC, has now cleared all its cryptocurrency holdings and outstanding debt to refocus on its core IoT and software-defined radio business. CEO Georges Karam stated that the liquidation was necessary to eliminate convertible debt and strengthen the balance sheet. Sequans is among at least nine companies identified by VanEck that have fully liquidated or abandoned their Bitcoin treasury strategies in 2026, as the debt-financed model proved unsustainable during market downturns, resulting in a stock price decline of over 90% from its 2025 peak.