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

Odaily Planet Daily News French semiconductor company Sequans Communications said on Thursday that it has completed the redemption of all debt related to its Bitcoin treasury, marking its formal exit from the previous crypto asset treasury strategy and refocusing on the IoT and cellular semiconductor business. The company said that the debt repayment was mainly completed by selling about 80% of its Bitcoin holdings. Currently, Sequans only holds 658 BTC, which is "fully unencumbered." The company stated that it will gradually "monetize" the remaining Bitcoin in the future, but did not specify whether it would be through continued selling or on-chain methods such as collateralization.

Sequans CEO Georges Karam said that this debt cleanup "marks an important turning point." The company has strengthened its balance sheet, simplified its capital structure, and will fully concentrate on the 4G/5G IoT chip business, including smart metering, asset tracking, connected vehicles, and industrial IoT applications.

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