French semiconductor maker Sequans Communications announced on September 24, 2026, that it sold its last 314 bitcoin, completing its exit from bitcoin holdings it once planned to grow to 100,000 by 2030. The company’s bitcoin strategy, funded by convertible bonds, was reversed due to debt repayment obligations, highlighting risks in bitcoin treasury stocks tied to corporate decisions and financing. Sequans now refocuses on its core semiconductor business with strong revenue growth, while investors holding its shares no longer have bitcoin exposure but only semiconductor assets. This case underscores the importance of understanding the difference between holding bitcoin directly and owning shares in companies with bitcoin on their balance sheets, especially regarding tax treatment and corporate risk.
Sequans Communications' exit from bitcoin holdings provides context for cryptocurrency market activity. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Sep 26, 2026 03:21 WIB: out of 50 major cryptocurrencies, 40 rose and 9 fell today. Notable movers include EOS (EOS.IO) up 8.13% at Rp12.649 with a typical hold time of 87 days, SAND (The Sandbox) up 5.92% at Rp812 with 73% sell order activity and a 123-day hold time, and ENJ (Enjin Coin) up 5.46% at Rp530 with 91% buy order activity and a 104-day hold time.
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