French company abandons crypto treasury strategy, will liquidate Bitcoin holdings
French semiconductor company Sequans Communications is liquidating its 658 Bitcoin holdings worth $48 million after abandoning its crypto treasury strategy launched just a year ago. Bitcoin fell 30% since the announcement, prompting the refocus on IoT semiconductors. The move reduces European publicly-traded crypto investors to 40 companies, contrasting with 67 US firms actively accumulating digital assets for treasury purposes.
Key takeaways
- 1Sequans Communications is liquidating 658 Bitcoin worth $48 million after abandoning its crypto treasury strategy launched in June 2025.
- 2Bitcoin price fell 30% since Sequans announced its treasury strategy, dropping from $105,419 to $72,780.
- 3Europe now has only 40 publicly traded crypto-investing companies versus 67 in the US, showing diverging corporate treasury strategies.
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Why it matters
This retreat signals weakening institutional crypto adoption in Europe amid price volatility, while US companies like Strategy continue aggressive Bitcoin accumulation. For Indian retail investors, it highlights the volatility and reversal risks in corporate crypto strategies, emphasizing that even large institutions can abandon long-term crypto commitments within months.
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