Sequans Clears Bitcoin Treasury Strategy, Completes Debt Redemption and Returns to IoT Chip Core Business

Odaily reported that French semiconductor company Sequans Communications announced on Thursday that it has completed the full redemption of debt related to its Bitcoin treasury, officially marking its exit from the previous crypto asset treasury strategy and refocusing its core business on the Internet of Things (IoT) and cellular semiconductor sectors. The company stated that this debt repayment was primarily completed by selling approximately 80% of its Bitcoin holdings. Sequans currently holds only 658 BTC, which are now "fully unencumbered." The company stated it will gradually "monetize" the remaining Bitcoin in the future, but did not specify whether this will involve continued sales or on-chain methods such as staking.

Sequans CEO Georges Karam said that this debt cleanup "marks a significant turning point," as the company has strengthened its balance sheet, simplified its capital structure, and will fully focus on the 4G/5G IoT chip business, including application areas such as smart metering, asset tracking, connected vehicles, and industrial IoT.

In retrospect, Sequans launched its Bitcoin treasury strategy in June 2025 and planned to significantly increase its BTC holdings. However, it gradually reduced its position amid market volatility, ultimately exiting the strategy entirely in this cycle. While the company's stock price rose slightly on the day, it has declined by over 90% from its peak during the Bitcoin frenzy. (The Block)