French Chip Manufacturer Sequans Communications Ends Bitcoin Strategy and Sells Holdings
Paris, May 29, 2026 – Sequans Communications, the French semiconductor company, has officially announced the termination of its Bitcoin investment strategy. The company revealed plans to gradually liquidate its Bitcoin holdings and refocus its efforts entirely on its core Internet of Things (IoT) business.
Gradual Sale of Bitcoin Holdings
According to a press release issued by Sequans Communications, the company currently owns 658 Bitcoins, valued at approximately 48 million US dollars. Sequans intends to sell these assets incrementally over the coming period. This move follows earlier partial sales of Bitcoin to repay issued convertible bonds.
Less Than a Year in Bitcoin
The decision to exit the cryptocurrency market comes less than a year after Sequans embraced Bitcoin as a promising long-term asset. In June 2025, the company publicly endorsed Bitcoin as an attractive reserve asset. However, since then, Bitcoin’s price has fallen by over 30%, influencing the company’s strategic reassessment.
Impact on European Public Companies
Sequans’ departure from the Bitcoin market reduces the number of publicly listed European companies holding Bitcoin as a reserve asset. Presently, data from Bitcoin Treasuries indicates that 43 European companies maintain Bitcoin holdings. This is comparatively low next to the United States, where over 100 publicly listed firms actively pursue Bitcoin strategies.
Strategic Shift Back to Core Business
The chip maker emphasized that its renewed focus on IoT aligns with its long-term business goals. By divesting from Bitcoin and concentrating on its semiconductor expertise, Sequans aims to strengthen its position in the growing IoT sector.
About Sequans Communications
Sequans Communications specializes in semiconductor solutions tailored for the Internet of Things, providing wireless connectivity and related technologies. The company’s shift away from cryptocurrency marks a significant realignment towards its primary operational focus.
Additional Industry Context
The move by Sequans comes amidst a fluctuating cryptocurrency market and increasing scrutiny on crypto asset management by corporations. The trend underlines the cautious stance many publicly traded companies adopt regarding digital assets during periods of market uncertainty.
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