The NYSE-listed semiconductor firm Sequans Communications introduced earlier this week that it had offered its remaining 34 BTC and had formally closed the guide on its Bitcoin treasury technique.
The corporate has finalized its exit, which started earlier this yr, as administration prioritized debt discount and refocused on its core enterprise.
Accomplished With Bitcoin
The press launch shared by the corporate stated the ultimate sale leaves it with no cryptocurrency holdings on its steadiness sheet and no excellent debt, apart from obligations tied to government-funded analysis and growth packages. Sequans framed the transfer as the ultimate step in a broader balance-sheet restructuring slightly than a bearish name on Bitcoin itself.
CEO Georges Karam stated his firm had monetized its remaining holdings in a “measured and opportunistic method,” however it would now dedicate its full consideration to its semiconductor progress technique.
Sequans started its BTC retreat in Might after utilizing a portion of its BTC holdings to redeem all remaining convertible debt issued in July 2025. Again then, it nonetheless held roughly 658 BTC, however explicitly introduced that its digital asset treasury technique had concluded and that these remaining items can be monetized over time. By June 30, its complete stash had fallen to 314 BTC, but it surely was emptied out fully as of late September.
On the plus aspect, the corporate’s product income rose by greater than 80% year-over-year in Q2, whereas its six-month product backlog greater than tripled, in line with the PR.
Varied Takes on BTC Technique
Except for Sequans, different public corporations additionally decreased their publicity to BTC this yr, together with Satsuma Applied sciences. It additionally dismantled its treasury car, disposing of the remaining items just a few months again. Empery Digital offered 1,400 BTC for about $87 million earlier this yr as properly.
Maybe the largest shock got here from Technique, which broke with its long-standing buy-only strategy through the summer season, finishing just a few consecutive gross sales. Nonetheless, it resumed its accumulation spree in late August and final week as BTC’s worth began to get better and Technique’s place turned inexperienced.
Try has been on the other aspect; no gross sales have been carried out, and it has solely accelerated its BTC purchases. Its stash reached 25,000 items earlier this month, and it acquired one other 1,355 BTC final week.
The submit Why Is This Firm Dumping All of Its Bitcoin and Abandoning Its BTC Technique? appeared first on CryptoPotato.