Sequans exits Bitcoin treasury strategy after selling remaining 314 BTC
-
Written by
Simonas Brazionis - Updated 2026-09-26 06:05:26
Sequans Communications has divested its remaining 314 Bitcoin, completing its exit from a strategy that once involved holding over 3,200 BTC. This action marks the semiconductor company's full departure as Sequans exits Bitcoin treasury.
The French semiconductor firm announced on Thursday that this exit follows the redemption of its convertible debt in May. The company intends to re-focus on its core businesses, specifically cellular internet-of-things (IoT) and software-defined radio.
Sequans' Bitcoin Treasury Journey
Sequans initiated its Bitcoin treasury strategy in June 2025, concurrent with a $384 million sale of equity securities and convertible secured debentures. At that time, the CEO characterized Bitcoin as a premier asset and a compelling long-term investment.
The company began reducing its Bitcoin holdings less than six months later, selling 970 BTC in November to redeem half of its convertible debt. By May 2026, Sequans indicated it was no longer pursuing the treasury strategy and planned to monetize its remaining Bitcoin over time. The CEO stated that Bitcoin sales were instrumental in eliminating convertible debt and strengthening the balance sheet, resulting in no cryptocurrency holdings and no outstanding debt, excluding government-financed research and development obligations.
Broader Industry Trend of Digital Asset Divestment
The year 2026 has seen an increasing number of companies with digital asset treasuries either abandon or scale back their accumulation strategies amidst the crypto bear market. In late July, a head of digital assets research identified at least nine companies that had fully liquidated or abandoned their Bitcoin and crypto treasury strategies, with several others reducing their holdings.
UK-listed Satsuma Technology, for instance, raised £100 million ($135 million) in July 2025 to expand its Bitcoin treasury, only for shareholders to vote a year later to return capital and cancel its listing, leading to the sale of its entire 669 BTC position. Other companies that have fully liquidated their Bitcoin holdings this year include Bitdeer, Genius Group, and Prenetics. MARA Holdings and Empery Digital have also made significant sales while maintaining their treasury strategies.
The reasons cited for these liquidations or reductions include debt repayments, working capital requirements, shareholder returns, and shifts in business strategy, reinforcing the trend of Sequans exiting its Bitcoin treasury as part of a broader industry movement.
