Sequans sold $384 million in equity securities and convertible secured debentures in 2025 to fund its digital asset treasury, but has abandoned the strategy amid falling Bitcoin prices.

Sequans Communications sold 456 Bitcoin and plans to sell its remaining 658 BTC, unwinding a $384M corporate treasury strategy amid mounting losses.

Sequans is exiting digital asset strategy, planning to sell remaining 658 Bitcoin to focus on IoT semiconductor business.