{"id":30077,"date":"2026-05-28T17:52:31","date_gmt":"2026-05-28T17:52:31","guid":{"rendered":"https:\/\/bitunikey.com\/news\/sequans-ends-bitcoin-treasury-bet-for-iot-chips\/"},"modified":"2026-05-28T17:52:44","modified_gmt":"2026-05-28T17:52:44","slug":"sequans-ends-bitcoin-treasury-bet-for-iot-chips","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/sequans-ends-bitcoin-treasury-bet-for-iot-chips\/","title":{"rendered":"Sequans ends Bitcoin treasury bet for IoT chips"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Chipmaker Sequans has ended its Bitcoin treasury strategy, selling most of its holdings to clear debt.<\/p>\n<div id=\"cn-block-summary-block_2bcbb06d818604671c7d0de71b7387ea\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Sequans redeemed all its July 2025 convertible debt by selling part of its Bitcoin holdings.<\/li>\n<li>The chipmaker kept about 658 BTC and plans to sell the rest over time.<\/li>\n<li>CEO Georges Karam says the firm is now fully focused on IoT semiconductors.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>French chipmaker Sequans has ended its Bitcoin treasury strategy after less than a year. The company sold part of its holdings to redeem convertible debt and refocus on its core chip business.<\/p>\n<p>The unwind caps a rapid retreat from crypto. Sequans <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.stocktitan.net\/news\/SQNS\/sequans-completes-full-redemption-of-convertible-debt-reestablishes-vegndji3wn8u.html\" target=\"_blank\" rel=\"nofollow\">disclosed<\/a> on May 28 that it fully redeemed all remaining July 2025 convertible debt, leaving roughly 658 unrestricted BTC it plans to monetise over time.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Sequans completes full redemption of its convertible debt \u2705<br \/>Stronger balance sheet, simplified capital structure, and focus on scaling its IoT semiconductor business \ud83d\ude80<a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/QYU5EPqjmO\">https:\/\/t.co\/QYU5EPqjmO<\/a><a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24SQNS&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SQNS<\/a> <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/Nj46rs8yms\">pic.twitter.com\/Nj46rs8yms<\/a><\/p>\n<p>\u2014 Sequans (@Sequans) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/Sequans\/status\/2059969202388083146?ref_src=twsrc%5Etfw\">May 28, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h3 class=\"wp-block-heading\">How Sequans unwound its Bitcoin treasury<\/h3>\n<p>Sequans launched the strategy in July 2025, raising about $384 million through equity and convertible debt to buy Bitcoin. Its stack peaked above 3,200 BTC at an average cost near $116,000 per coin.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The position soured as Bitcoin fell from highs above $126,000 and the firm\u2019s chip revenue declined. Selling intensified, and the latest sale of 456 BTC brought total disposals past 80% of peak holdings.<\/p>\n<p>\u201cWe have strengthened our balance sheet, simplified our capital structure, and are now fully focused on scaling our IoT semiconductor business,\u201d CEO Georges Karam said.<\/p>\n<h3 class=\"wp-block-heading\">What the retreat signals for corporate holders<\/h3>\n<p>Sequans is not alone. The firm had already sold half its Bitcoin in May as debt pressure mounted, and crypto.news has reported on smaller treasury firms facing forced sales in a weak market.<\/p>\n<p>The backdrop is unforgiving. Bitcoin traded near $75,000 this week, well below the levels where Sequans built its stack, leaving leveraged holders exposed.<\/p>\n<p>Sequans now plans to prioritise its 4G LTE-M and Cat-1bis chipsets and advance its 5G eRedCap platform as it pushes toward profitability.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chipmaker Sequans has ended its Bitcoin treasury strategy, selling most of its holdings to clear debt. Summary Sequans redeemed all its July 2025 convertible debt by selling part of its&hellip;<\/p>\n","protected":false},"author":1,"featured_media":10946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-30077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=30077"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30077\/revisions"}],"predecessor-version":[{"id":30078,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30077\/revisions\/30078"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/10946"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=30077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=30077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=30077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}