The NYSE-listed semiconductor firm Sequans Communications introduced earlier this week that it had bought its remaining 34 BTC and had formally closed the e-book on its Bitcoin treasury technique.
The corporate has finalized its exit, which started earlier this yr, as administration prioritized debt discount and refocused on its core enterprise.
Completed With Bitcoin
The press launch shared by the corporate mentioned the ultimate sale leaves it with no cryptocurrency holdings on its steadiness sheet and no excellent debt, aside from obligations tied to government-funded analysis and improvement applications. Sequans framed the transfer as the ultimate step in a broader balance-sheet restructuring moderately than a bearish name on Bitcoin itself.
CEO Georges Karam mentioned his firm had monetized its remaining holdings in a “measured and opportunistic method,” however it can now dedicate its full consideration to its semiconductor development technique.
Sequans started its BTC retreat in Could after utilizing a portion of its BTC holdings to redeem all remaining convertible debt issued in July 2025. Again then, it nonetheless held roughly 658 BTC, however explicitly introduced that its digital asset treasury technique had concluded and that these remaining models can be monetized over time. By June 30, its complete stash had fallen to 314 BTC, nevertheless it was emptied out totally as of late September.
On the plus facet, the corporate’s product income rose by greater than 80% year-over-year in Q2, whereas its six-month product backlog greater than tripled, in keeping with the PR.
Numerous Takes on BTC Technique
Other than Sequans, different public corporations additionally diminished their publicity to BTC this yr, together with Satsuma Applied sciences. It additionally dismantled its treasury automobile, disposing of the remaining models a couple of months again. Empery Digital bought 1,400 BTC for about $87 million earlier this yr as properly.
Maybe the most important shock got here from Technique, which broke with its long-standing buy-only method in the course of the summer time, finishing a couple of consecutive gross sales. Nevertheless, it resumed its accumulation spree in late August and final week as BTC’s value began to recuperate and Technique’s place turned inexperienced.
Attempt has been on the alternative facet; no gross sales have been carried out, and it has solely accelerated its BTC purchases. Its stash reached 25,000 models earlier this month, and it acquired one other 1,355 BTC final week.
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