French semiconductor company Sequans Communications sold 1,025 BTC during the first quarter of 2026 as part of its treasury management strategy.
This sale reduced the company’s Bitcoin holdings by nearly half. As of the end of March 2026, Sequans still held 1,514 BTC (valued at approximately $103.2 million), with a significant portion pledged as collateral. The company reported a net loss of $54.3 million for the quarter, including $29.3 million in unrealized impairment charges related to Bitcoin.
The move reflects the pressure many smaller public companies are facing amid volatile crypto markets and difficult macroeconomic conditions, highlighting the risks of holding large amounts of Bitcoin on corporate balance sheets during periods of financial stress.
Source:
https://sequans.com/sequans-communications-preliminary-unaudited-first-quarter-2026-financial-results/ (Official Q1 2026 Financial Report)
