Sequans sells last 314 bitcoin and clears corporate debt
The French chipmaker has sold its remaining bitcoin, ending a treasury programme and leaving it debt-free apart from government-backed R&D obligations.
Key points
- Sequans Communications sold its final 314 bitcoin, leaving it with zero cryptocurrency on its balance sheet.
- The company has no outstanding corporate debt beyond obligations tied to government-financed research and development.
- Second-quarter 2026 product revenue grew more than 80% year on year, and the six-month product backlog more than tripled.
- CEO Georges Karam said the wind-down returns Sequans to a pure-play semiconductor focus rather than reflecting a view on bitcoin's price.
- Other firms including KULR, Riot Platforms, Prenetics and Genius Group also shed crypto in 2026, while Strive and Strategy kept buying.
Sequans Communications has sold its final 314 bitcoin, closing out a corporate treasury programme and leaving the French chipmaker with no cryptocurrency on its balance sheet. News.bitcoin reported the disposal on September 25, 2026, citing a company announcement, while Blockchainreporter said the exit was announced on September 24. The sale ended a process that Blockchainreporter said began when Sequans redeemed its convertible debt in May 2026.
The 314 bitcoin represented all the digital assets Sequans held as of June 30, 2026, according to Blockchainreporter. After the sale, the company holds zero cryptocurrency and has no outstanding corporate debt beyond obligations tied to government-financed research and development projects. Sequans described the wind-down as a return to a pure-play semiconductor profile rather than a judgment on bitcoin's price.
Chief executive Georges Karam said the completion of the bitcoin treasury strategy marked an important milestone and reflected disciplined execution of a plan to strengthen the company's financial foundation. He added that Sequans is now positioned to focus entirely on its long-term semiconductor growth strategy. Founded in 2003 and headquartered near Paris, Sequans designs 4G and 5G cellular IoT chips and RF transceivers, with offices in the United States, the United Kingdom, Switzerland, Israel, Finland, Taiwan and China.
Final bitcoin sale completed
The company reported product revenue growth of more than 80% year on year for the second quarter of 2026, while its six-month product backlog at quarter-end more than tripled against the prior-year period. Sequans said it remains on schedule with development of its 5G eRedCap platform, which is intended to support the global migration from 4G to 5G cellular connectivity. It also reported momentum for a recently introduced radio frequency transceiver.
News.bitcoin linked the sale to a wider 2026 pattern of public companies shedding crypto holdings after market volatility. KULR Technology Group sold its entire 764 BTC treasury position to clear short-term liabilities and redirect capital into energy storage, while Riot Platforms sold 9,665 bitcoin in the first half of 2026 to fund its AI pivot. Prenetics Global and Genius Group took similar steps, the outlet reported.
Blockchainreporter framed the Sequans exit differently, as running against a still-expanding corporate bitcoin trend. It reported that Strive lifted its treasury to 26,355 BTC with a 1,355-bitcoin purchase earlier in September, and that Strategy bought another 950 bitcoin in its first purchase since August. That contrast suggests the corporate treasury trend is now splitting rather than moving in one direction.
Chips become the priority
With the balance sheet simplified, Sequans said it will concentrate on converting design wins into product revenue. News.bitcoin cited design-win traction across defence, unmanned aerial vehicle and space applications, while Blockchainreporter reported a first drone design win in the second quarter of 2026. For investors, the company's finances now hinge on chip demand rather than the price of a volatile reserve asset.