Sequans (SQNS) Completes Bitcoin Unwind, Exits Digital Asset Strategy After Less Than a Year
Bitcoin Magazine
Sequans Communications has ended its Bitcoin treasury strategy by liquidating assets to retire convertible debt and refocus on its IoT semiconductor business.Summary
Paris-based semiconductor company Sequans Communications has concluded its digital asset treasury experiment, which lasted less than a year. The company liquidated a significant portion of its Bitcoin holdings to fully redeem convertible debt issued in 2025. Following the sale, Sequans holds approximately 658 BTC and plans to divest the remainder over time to focus exclusively on its core IoT semiconductor business, including 4G and 5G technologies.
(Source：Bitcoin Magazine)