Sequans sells final 314 BTC, exits Bitcoin treasury and clears convertible debt
French semiconductor maker Sequans Communications sold its remaining 314 BTC, ending a Bitcoin treasury that once held more than 3,200 coins.
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Why it matters
The proceeds cleared Sequans' convertible debt and left it debt-free outside government R&D funding, with management directing capital to cellular IoT and software-defined radio chips after product revenue rose more than 80% in Q2. Sequans is one of a small group of listed companies unwinding crypto reserves while other treasuries keep buying, so the move shifts capital out of Bitcoin rather than adding demand.
Where the sources disagree
Size of Sequans final bitcoin sale
314 BTC
Cointelegraph, BTC-ECHO, Crypto.News, Bitcoin.com News, Crypto News (CryptoNews.net), Crypto News (CryptoNews.net)
34 BTC
CryptoPotato
Six outlets report the final sale as 314 BTC while CryptoPotato reports 34 BTC.
Key facts
Sequans Communications sold its remaining 314 Bitcoin and left its balance sheet with no cryptocurrency holdings.
314 BTCDisputed figureReported by Cointelegraph
The treasury once held more than 3,200 BTC at its peak.
3,200 BTCReported by Cointelegraph
In November 2025 Sequans sold 970 BTC to redeem half its convertible debt, cutting that debt from $189 million to $94.5 million.
970 BTCReported by Cointelegraph
By May 2026 Sequans said it was no longer pursuing the treasury strategy and would monetize its remaining Bitcoin over time.
Reported by Cointelegraph
Sequans said it redeemed all remaining convertible debt issued in July 2025 while it still held roughly 658 BTC.
658 BTCReported by CryptoPotato
What happened
Sequans Communications sold the 314 bitcoin still on its balance sheet as of June 30, 2026, and said on September 24 that it now holds no cryptocurrency and no debt outside government-financed research obligations. The company started the treasury in June 2025 after announcing a $384 million sale of equity securities and convertible secured debentures, and CEO Georges Karam then called Bitcoin 'a premier asset and a compelling long-term investment'. Selling began within months: the company disclosed 970 BTC sold in November 2025 to redeem half its convertible debt, which cut that debt from $189 million to $94.5 million, and Crypto.News reported Karam called the sale tactical with room to add Bitcoin later. By May 2026 Sequans said it was 'no longer pursuing' the strategy after redeeming its remaining convertible debt, when CryptoPotato says it still held roughly 658 BTC, and it said the rest would be monetized over time. BTC-ECHO, citing VanEck analyst Matthew Sigel, put the number of companies that have since dropped or cut crypto treasuries at at least nine, and named Bitdeer as having sold its entire Bitcoin reserve in February. Bitcoin.com News reported the same trend with KULR and Riot Platforms, and Crypto News carried the KULR figure of 764 BTC sold while Crypto.News reported Strategy bought 950 Bitcoin in September to reach 846,000 BTC. CryptoPotato disputes the size of the final sale, writing that Sequans sold its 'remaining 34 BTC' rather than 314.
How the story developed
- Official statement
Final 314 BTC sold, treasury unwound
On September 24 Sequans said it sold the bitcoin still held as of June 30, leaving no crypto and no debt beyond government-financed R&D obligations.
- Official statement
Karam statement on the completed exit
Karam said completing the treasury strategy marks an important milestone and reflects disciplined execution of a strategy meant to strengthen the financial foundation.
- First report
First report by Cointelegraph
Sequans exits Bitcoin treasury strategy after selling remaining 314 BTC
- Update
Sequans starts Bitcoin treasury strategy
The French semiconductor company announced a $384 million sale of equity securities and convertible secured debentures, and CEO Georges Karam called Bitcoin 'a premier asset and a compelling long-term investment'.
- Official statement
Treasury strategy declared over, debt redeemed
In May 2026 Sequans said it was no longer pursuing the strategy and had redeemed its remaining convertible debt, with roughly 658 BTC left to sell over time.
- Update
First 970 BTC sold to halve convertible debt
Sequans sold 970 BTC in November 2025, cutting convertible debt from $189 million to $94.5 million, and Karam described the move as tactical with room to expand holdings later.
- Independent corroboration
Independently corroborated by BTC-ECHO
Bitcoin-Ausstieg: Dieses Unternehmen verkauft seine letzten BTC
- Update
Bitdeer sells its Bitcoin reserve
BTC-ECHO reported the miner had fully sold its Bitcoin reserve in February.
- Official statement
Official statement from Bitcoin.com News
Sequans Sells Final 314 BTC to Clear Corporate Debt
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 24 Sept 2026, 17:13 UTC: Cointelegraph — 1 independent source, 1 reports
- 25 Sept 2026, 10:25 UTC: BTC-ECHO — 2 independent sources, 2 reports
- 25 Sept 2026, 15:02 UTC: Crypto.News — 3 independent sources, 3 reports
- 25 Sept 2026, 22:01 UTC: Bitcoin.com News, official — 4 independent sources, 4 reports
- 26 Sept 2026, 05:14 UTC: Crypto News (CryptoNews.net) — 5 independent sources, 6 reports
- 26 Sept 2026, 13:16 UTC: CryptoPotato — 6 independent sources, 7 reports
Affected entities
Also mentioned: Tether USDt, China, Uniswap, United Kingdom, MARA Holdings, Bitcoin Cash
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin.com News Company, official | Sequans Sells Final 314 BTC to Clear Corporate Debt | Independent | |
| Cointelegraph Crypto media | Sequans exits Bitcoin treasury strategy after selling remaining 314 BTC | Original | |
| BTC-ECHO Crypto media | Bitcoin-Ausstieg: Dieses Unternehmen verkauft seine letzten BTC | Independent | |
| Crypto.News Crypto media | Sequans ends Bitcoin strategy after selling its remaining BTC | Independent | |
| CryptoPotato Crypto media | Why Is This Company Dumping All of Its Bitcoin and Abandoning Its BTC Strategy? | Independent | |
| Crypto News (CryptoNews.net) Aggregator | Sequans Sells Final 314 BTC to Clear Corporate Debt | Syndicated | |
| Crypto News (CryptoNews.net) Aggregator | Sequans Completes Bitcoin Treasury Exit, Sells Final 314 BTC | Syndicated |
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