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Sequans sells remaining 658 Bitcoin, exits crypto to focus on IoT and 5G business

Market News
28 May 2026
Crypto Briefing
View Source
Bullish
pluang ai news

French IoT chipmaker Sequans Communications has sold 456 Bitcoin and plans to sell its remaining 658 BTC, ending its digital asset treasury strategy. The Bitcoin sale proceeds were used to fully repay $37 million in convertible debt, leaving the company nearly debt-free. Sequans is now refocusing on scaling its IoT semiconductor business and advancing its 5G roadmap after previously aiming to accumulate 100,000 BTC by 2030. CEO Georges Karam emphasized prioritizing profitability and growth in 4G and RF transceiver segments going forward.

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