--- title: "Sequans Abandons Bitcoin Treasury Bet Less Than a Year After Embracing It" type: "News" locale: "en" url: "https://longbridge.com/en/news/288051315.md" description: "Sequans Communications has abandoned its Bitcoin treasury strategy less than a year after its launch, selling part of its holdings to repay convertible debt. The company, which once held 3,234 BTC, now retains 658 BTC and aims to refocus on its IoT semiconductor business. This decision follows significant financial losses, including a $50.5 million operating loss in Q1 2026 and a $109.3 million net loss for 2025, leading to a 77% drop in stock value over the past year." datetime: "2026-05-29T10:15:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288051315.md) - [en](https://longbridge.com/en/news/288051315.md) - [zh-HK](https://longbridge.com/zh-HK/news/288051315.md) --- # Sequans Abandons Bitcoin Treasury Bet Less Than a Year After Embracing It French semiconductor company Sequans Communications has officially ended its Bitcoin treasury strategy less than a year after adopting it, unwinding a high-profile experiment that was once pitched as a long-term reserve plan and a path toward financial resilience. > 💸 Sequans met fin à son pari Bitcoin > > Sequans Communications tourne la page de sa stratégie crypto. L’entreprise française a vendu une partie de ses BTC pour rembourser sa dette convertible, clôturant ainsi son aventure Bitcoin. > > Elle conserve 658 BTC, mais annonce ne plus… > > — Cryptoast (@CryptoastMedia) May 28, 2026 The company confirmed it has fully redeemed its convertible debt by selling Bitcoin and now plans to monetize its remaining 658 BTC holdings. At its peak, Sequans held 3,234 BTC and positioned itself among a growing wave of public companies embracing Bitcoin as a corporate treasury asset. The exit marks a dramatic reversal for a company that only months ago described Bitcoin as a cornerstone of its long-term strategy. Sequans launched its Bitcoin treasury initiative in June 2025 shortly after receiving a warning from the New York Stock Exchange that its market capitalization and shareholders' equity had fallen below required listing thresholds. The company partnered with Swan Bitcoin and raised $384 million through a private placement, promoting the move as a way to strengthen its balance sheet and create long-term shareholder value. But the structure of the financing carried significant risks from the start. While $195 million came from equity issuance, another $189 million was raised through secured convertible debt backed by the Bitcoin itself. In effect, a large portion of the company's treasury strategy was financed using leverage tied directly to the value of its BTC holdings. > 🔴 Bitcoin Price: $72,500 pic.twitter.com/QGOwcZ3bdW > > — Bitcoin Price (@BTCPrice) May 28, 2026 By October 2025, Sequans had accumulated 3,234 BTC at an average purchase price of $116,643 per coin. The strategy quickly came under pressure as market conditions deteriorated. Barely months after building its position, Sequans sold 970 BTC to meet debt obligations, becoming one of the first public Bitcoin treasury companies to liquidate a significant portion of its holdings. The move contrasted sharply with the buy-and-hold philosophy championed by Strategy chairman Michael Saylor, who has consistently argued that corporate treasuries should avoid selling Bitcoin even during periods of market weakness. The company's latest announcement makes the company's stance crystal clear. In a statement, Sequans said "Treasury Strategy Concluded." Chief executive Georges Karam described the debt redemption as an important turning point and said the company is now fully focused on expanding its Internet of Things semiconductor business. > Sequans completes full redemption of its convertible debt ✅ > Stronger balance sheet, simplified capital structure, and focus on scaling its IoT semiconductor business 🚀https://t.co/QYU5EPqjmO$SQNSpic.twitter.com/Nj46rs8yms > > — Sequans (@Sequans) May 28, 2026 The tone represents a sharp departure from earlier statements praising Bitcoin as a premier long-term asset. Financial results help explain the change. Sequans reported a $50.5 million operating loss during the first quarter of 2026 on revenue of just $6.1 million. Its 2025 annual report showed a net loss of $109.3 million, including a $67.4 million unrealized impairment tied to its Bitcoin holdings. The company's accumulated deficit reached $145.1 million. > JUST IN: Swedish public company Bitcoin Treasury Capital ($BTCB) buys an additional 1 #Bitcoin and now holds a total of 169.25 BTC. > > 🔸Bitcoin 100 Ranking: 92🔸 pic.twitter.com/phR8ewoJw3 > > — BitcoinTreasuries.NET (@BTCtreasuries) May 27, 2026 Meanwhile, Sequans shares have continued to slide. The stock has fallen roughly 77% over the past year and remains significantly below levels seen when the Bitcoin treasury strategy was first announced. What was intended to strengthen the company's balance sheet ultimately became a costly detour. Less than a year after embracing Bitcoin as a long-term reserve asset, Sequans is now selling its remaining holdings and returning its focus to the semiconductor business that the strategy was supposed to help save. ### Related Stocks - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [RIOT.US](https://longbridge.com/en/quote/RIOT.US.md) - [BTCI.US](https://longbridge.com/en/quote/BTCI.US.md) - [BTF.US](https://longbridge.com/en/quote/BTF.US.md) - [CONL.US](https://longbridge.com/en/quote/CONL.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [COIG.US](https://longbridge.com/en/quote/COIG.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [LMBO.US](https://longbridge.com/en/quote/LMBO.US.md) - [BTCHKD.VAHK](https://longbridge.com/en/quote/BTCHKD.VAHK.md) - [BTCUSD.VAHK](https://longbridge.com/en/quote/BTCUSD.VAHK.md) - [SQNS.US](https://longbridge.com/en/quote/SQNS.US.md) ## Related News & Research - [LIVE MARKETS-Bitcoin's dull year may signal market maturity, Bernstein says](https://longbridge.com/en/news/289082198.md) - [Institutions Don't Mind Scooping Up Bitcoin At A Discount, Says Top Coinbase Exec](https://longbridge.com/en/news/289160778.md) - [CleanSpark post-May results: Names new SVP of Finance, BTC holdings rise to 13.47K](https://longbridge.com/en/news/288730322.md) - [Mt. 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