According to The Block, French semiconductor company Sequans Communications announced that it has completed all debt redemptions related to Bitcoin treasury, exited the cryptocurrency treasury strategy, and shifted its focus to IoT and cellular semiconductor businesses. The company has completed debt repayment by selling approximately 80% of its Bitcoin holdings, currently holding only 658 BTC, and will gradually liquidate the remaining assets in the future. CEO Georges Karam stated that this cleanup has strengthened the balance sheet, simplified the capital structure, and the company will focus on its 4G/5G IoT chip business. Sequans launched its Bitcoin treasury strategy in June 2025, but gradually reduced its holdings amidst market volatility and ultimately withdrew completely from the strategy. The company's stock price rose slightly on the same day, but has fallen more than 90% compared to the peak of the Bitcoin craze.
