How dumping 1,200 Bitcoin helped a cellular chipmaker completely erase its debt and double its cash

NewsWed, 05 Aug 2026 15:10:08 UTC3 hours ago

Sequans Communications reduced its Bitcoin treasury by 79.3% during the second quarter, leaving 314 BTC at June 30 as the cellular chipmaker used Bitcoin sales to help eliminate convertible debt and bolster cash.

Holdings fell from 1,514 BTC at March 31 to 314 BTC three months later, a reduction of 1,200 BTC. Sequans valued the remaining coins at $18.4 million and said all of them were unrestricted and available for sale. Its Aug. 4 results contained no post-quarter holdings count, so 314 BTC is a June 30 snapshot rather than a current balance.

Bitcoin treasury companies said they'd never sell – the bear market changed that fast

As debt, dividends, and buybacks enter the picture, some companies are starting to treat Bitcoin less like a sacred reserve and more like liquidity.

May 7, 2026 · Gino Matos

The unwind followed a February agreement to redeem the remaining $94.5 million principal of convertible debt by June 1. By April 30, Sequans held 1,114 BTC, including 817 pledged against $35.9 million of remaining debt.

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How dumping 1,200 Bitcoin helped a cellular chipmaker completely erase its debt and double its cash

Bitcoin treasury companies said they'd never sell – the bear market changed that fast

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