Sequans Communications sold the remaining 314 Bitcoins, ending its Bitcoin Treasury Strategy that saw it hold over 3,200 BTC.
French Semiconductor Company announced Thursday that it will be launching a new product. said This exit is the result of the conversion of convertible debt that was repaid in May. Now, the business can focus more on the core Internet-of Things (IoT) cellular and Software-Defined Radio businesses.
Georges Karam is the CEO of Sequans. He said they used Bitcoin to pay off their convertible debts, and improve their balance sheets. Sequans no longer has any cryptocurrency and no debts other than government funded research and developments obligations.
Sequans launched After announcing the sale of $384 million in equity securities, convertible secured debentures and other debt instruments. Karam at the time called Bitcoin “a premier asset and a compelling long-term investment.”
Reduced its workforce holdings Sequans sold 970 BTC to redeem its convertible debt in November, less than six month later. Sequans has stated it will be in May 2026. “no longer pursuing” The Treasury strategy would eventually monetize the remaining Bitcoin.
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The Bitcoin Treasury will be emptied in 2026
In 2026, a growing number of digital assets treasury firms have scaled down or abandoned their accumulation strategies due to the bear crypto market.
Matthew Sigel is the head of VanEck’s research on digital assets. He identified, in late July, at least nine firms that were abandoning or completely liquidating their Bitcoin and crypto-treasury plans for 2026.
Source: Mathew Sigel
Satsuma Technology, a UK listed company, was one of the most drastic changes. The company will be re-listed in July 2025. raised 100 million British pounds (135.5 million dollars) in convertible loan notes, to increase its Bitcoin Treasury. This was reported by Cointelegraph at the time as a UK record.
Shareholders are still a year after the initial public offering. voted The board voted overwhelmingly in favor of returning the capital to the company and removing it from public listing. The board then authorized closing its trading and selling its entire position of 669 BTC.
Some of the companies that have liquidated their Bitcoins in this year include BitdeerGenius Group & Prenetics. MARA Holdings & Empery Digital also achieved substantial revenue without completely abandoning treasury strategy.
VanEck’s Sigel cites a variety of reasons for the companies to have reduced or exited their investments, such as debt repayments and working capital requirements, returns on shareholders, and changes in strategy.
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Source: cointelegraph.com
