Sequans Communications sold its final 314 bitcoin, closing out a corporate treasury program that once held digital assets and leaving the French chipmaker debt-free apart from government-financed R&D obligations, according to News.bitcoin. The outlet reported the disposal on September 25, 2026, citing a company announcement.
The sale ended a process that Blockchainreporter said started when Sequans redeemed its convertible debt in May 2026. The two outlets differ on the announcement timing: News.bitcoin reported the disclosure on September 25, 2026, while Blockchainreporter said the company announced the exit on September 24.
Also read: Strategy’s $66B Bitcoin Treasury Faces Capital Markets Risk, Not BTC Price: Report
Key facts
- Sequans sold its remaining 314 BTC, all of the bitcoin it held on its balance sheet as of June 30, 2026, according to Blockchainreporter.
- After the sale, Sequans holds zero cryptocurrency and has no outstanding corporate debt beyond obligations tied to government-financed research and development projects.
- Product revenue for the second quarter of 2026 grew more than 80% year over year, and the six-month product backlog at quarter-end more than tripled versus the prior-year period.
- CEO Georges Karam said the company has “positioned the Company to focus entirely on executing our long-term semiconductor growth strategy.”
- Founded in 2003 and headquartered near Paris, Sequans designs 4G and 5G cellular IoT chips and RF transceivers and operates from offices in the United States, the United Kingdom, Switzerland, Israel, Finland, Taiwan and China, per Blockchainreporter.
A treasury exit that runs against the trend
News.bitcoin linked the sale to a wider 2026 pattern in which public companies shed crypto holdings after market volatility. KULR Technology Group sold its entire 764 BTC treasury position to clear short-term liabilities and redirect capital into energy storage, and Riot Platforms sold 9,665 bitcoin in the first half of 2026 to fund its AI pivot. Prenetics Global and Genius Group also took similar steps, the outlet reported.
Blockchainreporter, however, framed Sequans’ exit as running against a still-expanding corporate bitcoin trend. It reported that Strive lifted its treasury to 26,355 BTC with a 1,355-Bitcoin purchase earlier in September, and that Strategy bought another 950 Bitcoin in its first purchase since August.
Also read: Bitmine expands ETH treasury to $10.9B, repurchases 4.5M shares
Sequans described the wind-down as a return to a pure-play semiconductor profile rather than a judgment on bitcoin’s price, according to Blockchainreporter. “The completion of our Bitcoin treasury strategy marks an important milestone for Sequans and reflects the disciplined execution of a strategy designed to strengthen our financial foundation,” Karam said.
Chips become the priority
With the balance sheet simplified, Sequans said it will concentrate on converting design wins into product revenue. The company said it remains on schedule with its 5G eRedCap platform development to support the global migration from 4G to 5G cellular connectivity.
It also reported momentum for its recently introduced radio frequency transceiver. News.bitcoin cited design-win traction across defense, unmanned aerial vehicle and space applications; Blockchainreporter reported a first drone design win in the second quarter of 2026. “With this transition complete, we are focused on capitalizing on the strong momentum across our semiconductor business,” Karam added.
Why it matters
The exit moves Sequans out of a set of listed companies that used bitcoin as a treasury asset and back into a narrower semiconductor story. For investors, the company’s finances now hinge on chip demand rather than the price of a volatile reserve asset. The direction differs from firms such as Strive and Strategy that are still adding bitcoin, which means the corporate treasury trend is now splitting rather than moving in one direction.
What to watch
Sequans said it remains on schedule with its 5G eRedCap platform development, making platform progress reports a concrete marker for the strategy. Watch for updates on the six-month product backlog and on design-win conversion for the new RF transceiver across defense, drone and space customers.
Reported by news.bitcoin.com.
Sources: Bitcoin.com News, Blockchainreporter
