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Sequans Abandons Bitcoin Treasury Strategy After Less Than 1 Year
Sequans Communications is ending its digital asset treasury strategy less than a year after launching the plan, marking a retreat from crypto by a France-based semiconductor company that had tied part of its balance sheet to bitcoin. The company said Thursday that it held 658 bitcoin, worth about $48 million at the time of publication, and described the holdings as “fully unencumbered” and unrestricted. Sequans said it now plans to refocus solely on growth in its Internet of Things semiconductor business and monetize its remaining bitcoin holdings over time. The reversal closes a strategy launched in June 2025, ... (full story)