Financing ·
Sequans Communications S.A. completed its Bitcoin treasury exit on September 24, 2026, by selling the remaining 314…
SQNSSequans Communications
Sequans Communications S.A. completed its Bitcoin treasury exit on September 24, 2026, by selling the remaining 314 Bitcoin held on its balance sheet as of June 30, 2026. This transaction follows the May 2026 redemption of convertible debt and leaves the company with no cryptocurrency holdings or outstanding non-R&D debt, resulting in a strengthened cash position. The move refocuses management entirely on semiconductor growth, supported by Q2 2026 product revenue that grew over 80% year-over-year and a six-month backlog that tripled compared to the prior year. Sequans Communications S.A. is a fabless semiconductor company specializing in wireless 4G/5G cellular technology for the Internet of Things (IoT) and RF transceiver solutions.