Sequans Offloads Bitcoin to Clear Debt, Leaving Just 314 BTC on Its Balance SheetBitg
TL;DR:
- Sequans Communications reduced its holdings to 314 BTC at the close of Q2 2026, after selling 1,200 bitcoins during that period.
- The company fully paid off its convertible debt in May 2026 and boosted its cash balance to $21 million as of June 30.
- The firm reported a realized net gain of $5.3 million from these sales, compared to an $11.7 million loss recorded in the first quarter.
To free itself from convertible debt, French semiconductor firm Sequans offloads Bitcoin corporate reserves during the second quarter of 2026. The move was revealed on Tuesday by CEO Georges Karam, who is spearheading the company’s strategic pivot back toward its core IoT (Internet of Things) semiconductor business.
According to preliminary financial results released by the Paris-based company, Sequans held 1,514 BTC valued at $103.2 million at the end of March.
As of June 30, 2026, company records confirm that the treasury retained only 314 BTC, with an estimated market value of $18.4 million. In previous months, the treasury had been restricted by collateralization rules on its assets.
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