Sequans Communications has offered its remaining 314 Bitcoin, finishing its exit from a Bitcoin treasury technique that after noticed the semiconductor firm maintain greater than 3,200 BTC.
On Thursday, the French semiconductor firm said the exit follows the redemption of its convertible debt in Might and can enable it to refocus on its core mobile internet-of-things (IoT) and software-defined radio companies.
CEO Georges Karam mentioned the corporate used Bitcoin gross sales to eradicate its convertible debt and strengthen its stability sheet, leaving Sequans with no cryptocurrency holdings and no excellent debt past government-financed analysis and growth obligations.
Sequans launched its Bitcoin treasury technique in June 2025 after saying a $384 million sale of fairness securities and convertible secured debentures. On the time, Karam referred to as Bitcoin “a premier asset and a compelling long-term funding.”
The corporate started decreasing its holdings lower than six months later, promoting 970 BTC in November to redeem half its convertible debt. By Might 2026, Sequans mentioned it was “not pursuing” the treasury technique and would monetize its remaining Bitcoin over time.
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Bitcoin treasury exits mount in 2026
A rising variety of digital asset treasury corporations have deserted or scaled again their accumulation methods in 2026 amid the crypto bear market.
In late July, Matthew Sigel, head of digital property analysis at VanEck, recognized at the very least 9 corporations that had absolutely liquidated or deserted their Bitcoin and crypto treasury methods in 2026, alongside a number of others that had diminished their holdings.
Supply: Mathew Sigel
UK-listed Satsuma Know-how was among the many extra drastic reversals. In July 2025, the corporate raised 100 million British pounds ($135 million) by way of convertible mortgage notes to increase its Bitcoin treasury, in what Cointelegraph reported on the time was a UK report for a Bitcoin treasury increase.
A 12 months later, shareholders voted overwhelmingly to return considerably the entire firm’s capital and cancel its itemizing. The board subsequently licensed the closure of its buying and selling actions and the sale of its whole 669 BTC place.
Different corporations to completely liquidate their Bitcoin holdings this 12 months embrace Bitdeer, Genius Group and Prenetics. MARA Holdings and Empery Digital have additionally made substantial gross sales with out abandoning their treasury methods altogether.
The businesses cited by VanEck’s Sigel exited or diminished their holdings for a variety of causes, together with debt repayments, working capital wants, shareholder returns and shifts in enterprise technique.
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