Sequans Sells Half Its Bitcoin Holdings as Revenue Falls and Losses Mount
Bitcoin Magazine
Paris-based Sequans Communications sold half of its bitcoin reserves to address declining revenue and significant financial losses.Summary
IoT semiconductor manufacturer Sequans Communications sold 1,025 bitcoin in the first quarter of 2026, reducing its holdings to 1,114 BTC. This liquidation follows a shift in corporate strategy as the company faces a 24.8% drop in quarterly revenue and a net loss of $54.3 million. CEO Georges Karam described the sales as a necessary effort to strengthen the balance sheet, though the company continues to grapple with reduced margins and investor skepticism regarding its core business performance.
(Source：Bitcoin Magazine)