Sequans sells 1,025 bitcoin to fund debt redemption and buybacks as revenue drops 24.8%
Sequans divested 1,025 bitcoin from its treasury to fund debt redemption and share buybacks amid a 24.8% revenue decline to $6.1 million. The wireless chipmaker now holds 1,114 BTC. The sale reflects cash preservation priorities during financial headwinds, though it reduces crypto exposure at volatile market conditions, potentially signaling operational strain for institutional bitcoin holders.
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Sequans Sells Half Its Bitcoin Holdings as Revenue Falls and Losses Mount
Bitcoin Magazine Sequans Sells Half Its Bitcoin Holdings as Revenue Falls and Losses Mount Sequans Communications sold 1,025 bitcoin during the first quarter of 2026, cutting its digital asset reserves nearly in half. This post Sequans Sells Half Its Bitcoin Holdings as Revenue Falls and Losses Mount first appeared on Bitcoin Magazine and is written by Micah...