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Sequans Communications sells 344 Bitcoin, plans to sell remaining 314 BTC, exiting crypto treasury strategy

Market News
04 Aug 2026
Crypto Briefing
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Neutral
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Sequans Communications, a Paris-based IoT semiconductor firm, sold 344 Bitcoin in Q2 2026 and plans to divest its remaining 314 BTC, exiting its crypto treasury strategy that once held over 3,200 BTC. The company is refocusing on its core IoT chip business after using Bitcoin sale proceeds to fully repay convertible debt. Despite a 23% revenue increase and $5.3 million net gain from Bitcoin sales in Q2, Sequans still posted a $9.8 million net loss. The company aims to take a disciplined approach to selling the remaining Bitcoin and become a debt-free pure-play IoT chipmaker.

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