Overview
- Sequans sold its remaining 314 BTC in late September, leaving the French chipmaker with no cryptocurrency on its balance sheet.
- Proceeds from earlier Bitcoin disposals were used to repay convertible debt, with the company completing that redemption in May.
- Sequans reduced holdings in multiple tranches across 2025–2026, recording realized losses on some sales while using cash to shore up liquidity.
- CEO Georges Karam said the completed exit frees capital and management time to push product growth in cellular IoT, 5G eRedCap, and software‑defined radio.
- The move follows a broader pattern of public firms selling Bitcoin to meet financing needs this year and highlights how corporate crypto strategies can be reversed when balance‑sheet pressures rise.