French Company Abandons Crypto Treasury Strategy, Will Liquidate Bitcoin Holdings
Cointelegraph
French semiconductor firm Sequans Communications is ending its Bitcoin treasury strategy to refocus exclusively on its core Internet of Things business.Summary
Sequans Communications, a French semiconductor company, has announced the termination of its digital asset treasury strategy less than a year after its inception. The company currently holds 658 Bitcoin and intends to monetize these holdings over time. This decision follows the full redemption of its convertible debt and a strategic shift to prioritize its core Internet of Things (IoT) semiconductor business. While the company previously touted Bitcoin as a premier long-term investment, the recent pivot comes amid a significant decline in its stock performance and Bitcoin's market value since June 2025.
(Source：Cointelegraph)