1 day ago
Sequans Communications has sold its remaining 314 Bitcoin, completing its exit from a Bitcoin treasury strategy that erstwhile saw the semiconductor institution clasp much than 3,200 BTC.
On Thursday, the French semiconductor institution said the exit follows the redemption of its convertible indebtedness successful May and volition let it to refocus connected its halfway cellular internet-of-things (IoT) and software-defined vigor businesses.
CEO Georges Karam said the institution utilized Bitcoin income to destruct its convertible indebtedness and fortify its equilibrium sheet, leaving Sequans with nary cryptocurrency holdings and nary outstanding indebtedness beyond government-financed probe and improvement obligations.
Sequans launched its Bitcoin treasury strategy successful June 2025 aft announcing a $384 cardinal merchantability of equity securities and convertible secured debentures. At the time, Karam called Bitcoin “a premier plus and a compelling semipermanent investment.”
The institution began reducing its holdings little than six months later, selling 970 BTC successful November to redeem fractional its convertible debt. By May 2026, Sequans said it was “no longer pursuing” the treasury strategy and would monetize its remaining Bitcoin implicit time.
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Bitcoin treasury exits equine successful 2026
A increasing fig of integer plus treasury companies person abandoned oregon scaled backmost their accumulation strategies successful 2026 amid the crypto carnivore market.
In precocious July, Matthew Sigel, caput of integer assets probe astatine VanEck, identified astatine slightest 9 companies that had afloat liquidated oregon abandoned their Bitcoin and crypto treasury strategies successful 2026, alongside respective others that had reduced their holdings.
Source: Mathew Sigel
UK-listed Satsuma Technology was among the much drastic reversals. In July 2025, the institution raised 100 cardinal British pounds ($135 million) done convertible indebtedness notes to grow its Bitcoin treasury, successful what Cointelegraph reported astatine the clip was a UK grounds for a Bitcoin treasury raise.
A twelvemonth later, shareholders voted overwhelmingly to instrumentality substantially each of the company’s superior and cancel its listing. The committee subsequently authorized the closure of its trading activities and the merchantability of its full 669 BTC position.
Other companies to afloat liquidate their Bitcoin holdings this twelvemonth see Bitdeer, Genius Group and Prenetics. MARA Holdings and Empery Digital person besides made important income without abandoning their treasury strategies altogether.
The companies cited by VanEck’s Sigel exited oregon reduced their holdings for a scope of reasons, including indebtedness repayments, moving superior needs, shareholder returns and shifts successful concern strategy.
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