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Sequans sells over 1,000 BTC to manage debt amid 25% revenue drop and $50.5M loss in Q1 2026

Market News
05 May 2026
Blockonomi
View Source
Bearish
pluang ai news

Sequans Communications sold 1,025 bitcoin in Q1 2026 to fund debt repayments and share buybacks, cutting its bitcoin holdings nearly in half from 2,139 to 1,114 BTC. The company reported a 24.8% revenue decline to $6.1 million and an operating loss of $50.5 million, including significant bitcoin-related impairments and losses. Sequans pledged 817 BTC as collateral for $35.9 million in convertible notes, reflecting ongoing balance sheet management amid financial challenges. The company’s stock has dropped over 50% in six months, highlighting investor concerns about its strategy and performance.

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Security Risk Advisors' Joe Cicero named finalist for CRN's 2026 Best Channel Visionary award.

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Bank of Hawaii beats Q2 EPS estimates with $1.47 despite revenue miss, showing strong profitability.

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F5, Inc. to report Q2 earnings with revenue expected near $835M and EPS around $4.00 on July 27, 2026.

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State Street Global Advisors increases stake in DCC plc to 1.42% after recent share purchases.

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