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Sequans(NASDAQ:SQNS) provides IoT chip and module solutions, supporting LTE and 5G network connectivity. Committed to secure data transmission between devices and promote the development of the Web3 Internet of Things ecosystem.
Sequans exits Bitcoin market; crypto firms trade at valuation discount
Public trading data shows that several publicly listed companies holding Bitcoin are currently trading below their net asset value. A typical example is French company Sequans, which has announced the sale of its entire Bitcoin inventory.
Sequans sells 314 BTC, exits Bitcoin treasury strategy
Sequans sold its remaining 314 Bitcoin, raising approximately $27.1 million to fund operations. This move marks the company's complete abandonment of its previous Bitcoin holding strategy for corporate cash management, refocusing on its core communications business.
Bitcoin Treasury Companies Shift Strategy: Selling BTC, Repaying Debt, and Betting on AI as Stock Plunges Force Strategic Pivot
Odaily News As Bitcoin prices have experienced a significant correction, publicly listed companies that had accumulated large BTC holdings are facing multiple challenges, including falling stock prices, debt pressures, and a deteriorating financing environment. Some of these companies are now starting to sell Bitcoin, repay debts, and even pivot towards artificial intelligence (AI) data center operations.Strategy pioneered the "Digital Asset Treasury (DAT)" model, continuously purchasing Bitcoin through financing and borrowing, inspiring a wave of other listed companies to follow suit. However, as the BTC price has fallen approximately 50% from its peak of around $126,000 in October 2025, the stock prices of related companies have also shrunk significantly, forcing them to reassess their BTC accumulation strategies.This week, shareholders of London-listed company Satsuma Technology approved the liquidation of all 668 BTC, returning capital to shareholders, while proceeding with delisting. Another London-listed company, The Smarter Web Company, sold 178 BTC to repay its convertible debt.Additionally, Sequans Communications has sold 1,025 BTC and further sold nearly 80% of its remaining holdings to repay convertible bonds. The company stated it will not continue purchasing Bitcoin in the future and plans to sell the remaining approximately 658 BTC.Nakamoto's stock price has fallen approximately 99% since its SPAC listing in May 2025. The company recently sold about 284 BTC, raising approximately $20 million for working capital. Of its remaining approximately 5,342 BTC, nearly 70% has been pledged as collateral for loans from Kraken, which market observers believe poses a potential risk event.Meanwhile, Bitcoin mining companies are also adjusting their strategies. Companies like Bitdeer Technologies and MARA Holdings are selling portions of their BTC to repurchase shares, repay debts, and redirect energy resources and computing infrastructure towards AI data center operations.Other companies selling BTC include Empery Digital. Data shows that Strategy has recently sold approximately 3,620 BTC and has authorized further asset sales to maintain its U.S. dollar reserves.However, Strategy remains the world's largest corporate holder of Bitcoin, with holdings exceeding 840,000 BTC. The company's CEO, Michael Saylor, stated that while it may sell some Bitcoin in the future to pay dividends, this does not mean the company is exiting its Bitcoin investment.Beyond asset adjustments, management and capital operations at some Bitcoin treasury companies are also changing. Jack Mallers has stepped down as CEO; and Bitcoin Standard Treasury Company (BSTR), affiliated with Adam Back, failed to complete a proposed merger due to the deteriorating market environment.Analysts believe that with rising financing costs and increased BTC price volatility, the "borrowing to buy Bitcoin" treasury model is undergoing a reshuffle. Some companies are shifting from simply hoard
Selling off Bitcoin: French listed company Sequans Communications exits its Bitcoin reserve strategy
Odaily News: Bitcoin Treasuries posted on X that French listed company Sequans Communications has sold its remaining 314 bitcoins and exited its Bitcoin reserve strategy, using all proceeds from the Bitcoin sale to repay its convertible debt.
Sequans sells 314 BTC, exits Bitcoin treasury strategy
Sequans sold its remaining 314 Bitcoin, raising approximately $27.1 million to fund operations. This move marks the company's complete abandonment of its previous Bitcoin holding strategy for corporate cash management, refocusing on its core communications business.
Bitcoin Treasury Companies Shift Strategy: Selling BTC, Repaying Debt, and Betting on AI as Stock Plunges Force Strategic Pivot
Odaily News As Bitcoin prices have experienced a significant correction, publicly listed companies that had accumulated large BTC holdings are facing multiple challenges, including falling stock prices, debt pressures, and a deteriorating financing environment. Some of these companies are now starting to sell Bitcoin, repay debts, and even pivot towards artificial intelligence (AI) data center operations.Strategy pioneered the "Digital Asset Treasury (DAT)" model, continuously purchasing Bitcoin through financing and borrowing, inspiring a wave of other listed companies to follow suit. However, as the BTC price has fallen approximately 50% from its peak of around $126,000 in October 2025, the stock prices of related companies have also shrunk significantly, forcing them to reassess their BTC accumulation strategies.This week, shareholders of London-listed company Satsuma Technology approved the liquidation of all 668 BTC, returning capital to shareholders, while proceeding with delisting. Another London-listed company, The Smarter Web Company, sold 178 BTC to repay its convertible debt.Additionally, Sequans Communications has sold 1,025 BTC and further sold nearly 80% of its remaining holdings to repay convertible bonds. The company stated it will not continue purchasing Bitcoin in the future and plans to sell the remaining approximately 658 BTC.Nakamoto's stock price has fallen approximately 99% since its SPAC listing in May 2025. The company recently sold about 284 BTC, raising approximately $20 million for working capital. Of its remaining approximately 5,342 BTC, nearly 70% has been pledged as collateral for loans from Kraken, which market observers believe poses a potential risk event.Meanwhile, Bitcoin mining companies are also adjusting their strategies. Companies like Bitdeer Technologies and MARA Holdings are selling portions of their BTC to repurchase shares, repay debts, and redirect energy resources and computing infrastructure towards AI data center operations.Other companies selling BTC include Empery Digital. Data shows that Strategy has recently sold approximately 3,620 BTC and has authorized further asset sales to maintain its U.S. dollar reserves.However, Strategy remains the world's largest corporate holder of Bitcoin, with holdings exceeding 840,000 BTC. The company's CEO, Michael Saylor, stated that while it may sell some Bitcoin in the future to pay dividends, this does not mean the company is exiting its Bitcoin investment.Beyond asset adjustments, management and capital operations at some Bitcoin treasury companies are also changing. Jack Mallers has stepped down as CEO; and Bitcoin Standard Treasury Company (BSTR), affiliated with Adam Back, failed to complete a proposed merger due to the deteriorating market environment.Analysts believe that with rising financing costs and increased BTC price volatility, the "borrowing to buy Bitcoin" treasury model is undergoing a reshuffle. Some companies are shifting from simply hoard
Sequans Exits Bitcoin Treasury Strategy, Completes Debt Redemption and Refocuses on IoT Chip Business
Odaily Odaily French semiconductor company Sequans Communications stated on Thursday that it has completed the redemption of all debt related to its Bitcoin treasury, marking its official exit from the previous crypto asset treasury strategy and a refocus on the Internet of Things (IoT) and cellular semiconductor business. The company stated that this debt repayment was mainly completed by selling approximately 80% of its Bitcoin holdings. Sequans currently holds only 658 BTC, which are now “completely unencumbered.” The company said it will gradually “monetize” the remaining Bitcoin in the future, but did not specify whether it will continue selling or use on-chain methods such as collateralization.Sequans CEO Georges Karam stated that this debt cleanup “marks an important turning point,” with the company having strengthened its balance sheet, simplified its capital structure, and will now fully concentrate on the 4G/5G IoT chip business, including applications such as smart metering, asset tracking, connected vehicles, and industrial IoT.In retrospect, Sequans initiated its Bitcoin treasury strategy in June 2025, planning to substantially increase its BTC holdings. However, it gradually reduced its position amid market fluctuations, ultimately exiting the strategy entirely during the current cycle. Although the company's stock price saw a slight increase on the day, it has cumulatively fallen by over 90% from its peak during the Bitcoin boom. (The Block)
Related news
Selling off Bitcoin: French listed company Sequans Communications exits its Bitcoin reserve strategy
Odaily News: Bitcoin Treasuries posted on X that French listed company Sequans Communications has sold its remaining 314 bitcoins and exited its Bitcoin reserve strategy, using all proceeds from the Bitcoin sale to repay its convertible debt.
Sequans exits Bitcoin market; crypto firms trade at valuation discount
Public trading data shows that several publicly listed companies holding Bitcoin are currently trading below their net asset value. A typical example is French company Sequans, which has announced the sale of its entire Bitcoin inventory.
Sequans sells 314 BTC, exits Bitcoin treasury strategy
Sequans sold its remaining 314 Bitcoin, raising approximately $27.1 million to fund operations. This move marks the company's complete abandonment of its previous Bitcoin holding strategy for corporate cash management, refocusing on its core communications business.
French semiconductor company Sequans sells remaining 314 Bitcoin, exits Bitcoin reserve strategy
Odaily News: French semiconductor company Sequans Communications has announced the sale of its remaining 314 Bitcoin, completely exiting a reserve strategy that once held over 3,200 Bitcoin. The company stated that this move followed the redemption of convertible debt in May and that it will refocus on cellular IoT and software-defined radio businesses.Sequans said the proceeds from the Bitcoin sale have been used to settle convertible debt and improve its balance sheet. The company currently holds no cryptocurrency and has no outstanding debt other than government-funded R&D obligations. (Cointelegraph)
Sequans Communications Announces Exit from Bitcoin Treasury Strategy, Holdings Drop to 314 BTC at End of Q2
According to the official announcement from Sequans Communications (NYSE: SQNS), the company released its preliminary financial report for Q2 2026 on August 4 and announced a gradual exit from its Bitcoin treasury strategy. The company continued to orderly reduce its Bitcoin holdings in Q2, holding 314 BTC at the end of the period, with a market value of approximately $18.4 million, a significant reduction from 1,514 BTC at the end of Q1; net gains from Bitcoin sales in Q2 amounted to $5.3 million. Meanwhile, with the full redemption of convertible bonds completed in May, the company officially entered a debt-free status, with cash at the end of the period reaching $20.97 million, nearly double the $10.6 million at the end of Q1.
French-listed telecom company Sequans Communications sells 344 BTC, plans to sell remaining 314 BTC
Odaily News: BitcoinTreasuries.NET posted on X platform that French-listed telecom company Sequans Communications has sold 344 BTC and plans to sell the remaining 314 BTC as previously announced. It ranks 73rd in the Bitcoin 100 ranking.