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Sequans sells all bitcoin, ends crypto treasury strategy

French semiconductor company Sequans Communications has sold all 314 bitcoin it still held, fully ending its bitcoin treasury strategy and taking its cryptocurrency holdings to zero. The company had once held more than 3,200 bitcoin after raising $384 million through shares and convertible secured bonds. It later sold bitcoin to repay convertible notes and said it would no longer pursue the strategy, shifting focus to its core semiconductor businesses.