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

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.