Sequans exits Bitcoin treasury strategy through clearance, completes debt redemption and returns to IoT chip main business Odaily Planet Daily News: French semiconductor company Sequans Communications announced on Thursday that it has completed all debt redemptions related to its Bitcoin treasury, marking its official exit from its previous cryptocurrency treasury strategy and refocusing on its IoT and cellular semiconductor businesses. The company stated that the debt repayment was mainly completed through the sale of approximately 80% of its Bitcoin holdings. At present, Sequans only holds 658 BTC and has "completely no burden". The company stated that it will gradually "monetize" the remaining Bitcoin in the future, but it is not clear whether it will continue to be sold or used through on chain methods such as collateral. Sequans CEO Georges Karam stated that this debt clearance "marks an important turning point" as the company has strengthened its balance sheet, simplified its capital structure, and will fully focus on its 4G/5G IoT chip business, including intelligent metering, asset tracking, vehicle networking, and industrial IoT applications. Looking back, Sequans launched its Bitcoin treasury strategy in June 2025 and planned to increase its holdings of BTC on a large scale. However, it gradually reduced its holdings due to market volatility and ultimately exited the strategy completely in this cycle. Although the company's stock price rose slightly on the same day, it has fallen more than 90% compared to the peak of the Bitcoin boom. （The Block）