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Crypto

Sequans sells 1,200 bitcoins, pays down debt and moves to refocus on IoT semiconductors

French semiconductor company Sequans Communications has sold more than 1,200 bitcoins in the second quarter, cutting holdings to 314 by quarter-end, valued at about $18.4 million. The company used sales to repay convertible bonds and improve its financial structure. Sequans posted a $5.3 million realised net profit on second-quarter bitcoin sales after a $11.7 million realised loss in the first quarter. It reported revenue growth and cited progress in its IoT semiconductor business.

Crypto

French semiconductor firm Sequans to sell 658 bitcoins, end crypto treasury strategy

French semiconductor company Sequans Communications plans to halt its digital-asset treasury strategy and gradually sell its bitcoin holdings. The company holds 658 bitcoins worth about $48 million at the time of disclosure and said the holdings are unpledged and unrestricted. Sequans cited debt cleanup as a key driver and said it fully redeemed all convertible bonds issued in July 2025, partly funded by bitcoin sales. It will refocus on growing its IoT semiconductor business.