Sequans Communications redeems remaining debt after liquidating 80% of its Bitcoin treasury, retaining 658 BTC.
Sequans Communications (SQNS) has redeemed all remaining debt tied to its Bitcoin (BTC) treasury by selling nearly 80% of its holdings. The move transitions the company to a near debt-free balance sheet, enhancing financial flexibility as it refocuses on its core IoT semiconductor business.
The Paris-based firm initially planned to raise $384 million in mid-2025 to build a Bitcoin treasury, acquiring 3,000 BTC by July 2025. However, a flash crash in October 2025 prompted a reversal, with sales of 970 BTC in November 2025 and 1,025 BTC in Q1 2026. Holdings were reduced to 1,114 BTC by April 30 before the latest reduction to 658 BTC.
Sequans now holds approximately 658 BTC, fully unencumbered, and plans to monetize the remainder over time without providing further details.