Sequans Sells Final 314 BTC to Clear Corporate Debt

Debt Elimination and Balance Sheet Unwind

Sequans Communications has completed its exit from its Bitcoin firm treasury strategy pursuing the merchantability of its remaining 314 bitcoin holdings, the institution announced. The fabless semiconductor supplier reported that the liquidation leaves the institution with zero cryptocurrency assets and nary outstanding firm indebtedness beyond obligations tied to government-financed probe and improvement projects.

The disposition of its integer plus reserves marks the last measurement successful a superior restructuring run that began successful May 2026 with the redemption of the company’s convertible debt. By sunsetting its bitcoin treasury policy, Sequans joins a increasing database of nationalist companies that person offloaded cryptocurrency holdings pursuing marketplace volatility.

KULR Technology Group sold its full 764 BTC treasury position to destruct short-term liabilities and redirect superior into vigor storage, portion Riot Platforms sold 9,665 bitcoin successful H1 2026 to money the AI pivot. Other listed companies taking akin steps see Prenetics Global and Genius Group.

Commenting connected the move, Sequans executives stressed that the simplified equilibrium expanse and enhanced currency presumption volition let the institution to refocus wholly arsenic a pure-play cellular Internet of Things (IoT) and software-defined vigor (SDR) semiconductor vendor.

“The completion of our Bitcoin treasury strategy marks an important milestone for Sequans and reflects the disciplined execution of a strategy designed to fortify our fiscal foundation,” said Georges Karam, CEO of Sequans. “By eliminating our convertible debt, monetizing our remaining Bitcoin holdings successful a measured and opportunistic manner, and emerging with a precise beardown equilibrium sheet, we person positioned the Company to absorption wholly connected executing our semipermanent semiconductor maturation strategy.”

Alongside the equilibrium expanse update, Sequans disclosed fiscal momentum successful its halfway spot operations. Product gross for the 2nd 4th of 2026 accrued by much than 80% twelvemonth implicit year. Additionally, the company’s six-month merchandise backlog astatine the extremity of the 2nd 4th much than tripled compared to the prior-year period, driven by higher design-win conversion rates.

Sequans said it remains connected docket with its 5G eRedcap level improvement to enactment the planetary concern migration from 4G to 5G cellular connectivity. The institution besides reported an expanding commercialized pipeline for its precocious introduced vigor frequence transceiver, citing design-win traction crossed defense, unmanned aerial vehicle, and abstraction applications.

“With this modulation complete, we are focused connected capitalizing connected the beardown momentum crossed our semiconductor business,” Karam added. “Combined with our strengthened fiscal position, we judge Sequans is good positioned to execute our strategy, standard the business, and present sustainable semipermanent worth for our shareholders.”