Sequans dumps $BTC reserve, pivots back to IoT chips after debt cleared
Paris-based chipmaker Sequans Communications has fully exited its bitcoin treasury, selling roughly 80% of its holdings to repay convertible debt and returning its full focus to semiconductors.Sequans sold approximately 2,120 BTC over several months, leaving just 658 BTC fully unrestricted on its balance sheet.CEO Georges Karam says the move strengthens the companys balance sheet and simplifies its capital structure.The company will now concentrate on scaling its 4G/5G IoT semiconductor, RF transceiver, and defense wireless application businesses. Sequans Communications, the Paris-listed chipmaker, announced Thursday the completion of all convertible debt redemptions tied to its bitcoin treasury, capping an abrupt reversal of the bitcoin accumulation strategy it launched less than a year ago. The company sold nearly 80% of its total Bitcoin (BTC) holdings to fund the debt redemption, leaving 658 BTC on the balance sheet — now fully unrestricted following the retirement of all outstanding obligations, according to The Block. The selldown was executed in stages. Sequans sold 970 BTC in November 2025, then another 125 BTC in February 2026, followed by a further 1,025 BTC during the first quarter, which reduced its holdings to 1,114 BTC as of April 30. A treasury built fast, unwound faster Sequans launched its bitcoin treasury in July 2025 with









