Sequans Communications sells 344 Bitcoin, plans to divest remaining 314 BTC as it exits treasury strategy

Sequans Communications, a Paris-based IoT semiconductor company listed on the NYSE under ticker SQNS, sold 344 Bitcoin during Q2 2026 and has signaled its intention to offload the remaining 314 BTC still on its balance sheet. The company is officially winding down what was once an ambitious crypto treasury strategy, opting instead to refocus entirely on making chips for the Internet of Things. At peak accumulation, the company held over 3,200 BTC. Now it’s down to 314, valued at $18.4 million as of June 30, 2026. That’s a roughly 90% reduction in holdings, and the remaining coins are marked for sale too. From 3,200 BTC to 314: a rapid unwind Sequans launched its Bitcoin treasury program in July 2025 with an initial purchase of 370 BTC. The company had publicly stated its ambition to accumulate more than 3,000 BTC, and it actually exceeded that target, briefly crossing the 3,200 BTC mark. By the end of Q2 2026, Sequans had reduced its position to just 314 BTC after selling 344 coins during the quarter alone. The company started the quarter with approximately 658 BTC, meaning it liquidated more than half its remaining stack in a single three-month period. CEO Dr. Georges Karam framed...