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Sequans ends Bitcoin treasury strategy, sells most holdings to clear debt and focus on IoT chips

Market News
28 May 2026
Crypto news
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French chipmaker Sequans has ended its Bitcoin treasury strategy less than a year after starting it, selling most of its Bitcoin holdings to fully redeem its July 2025 convertible debt. The company sold over 80% of its peak Bitcoin stack, reducing exposure as Bitcoin prices fell and chip revenue declined. Sequans now holds about 658 BTC and plans to sell the rest gradually while refocusing on its core IoT semiconductor business, including 4G LTE-M, Cat-1bis chipsets, and 5G eRedCap platform to drive profitability. CEO Georges Karam emphasized the move strengthens the balance sheet and simplifies the capital structure.

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