Sequans Communications S.A. Completes Bitcoin Treasury Exit

Sequans Communications S.A. announced the completion of its Bitcoin treasury exit following the sale of its remaining Bitcoin holdings. This move strengthens the company's balance sheet and allows for a sharpened focus on its semiconductor growth strategy. The company has sold all 314 Bitcoin previously held, concluding the strategy initiated with the May 2026 convertible debt redemption. Sequans now has a simplified capital structure with no outstanding debt outside of government-financed R&D projects and no cryptocurrency holdings. The company's attention is now fully directed towards scaling its cellular IoT and SDR semiconductor business. Q2 2026 product revenue saw an increase of over 80% year-over-year, with a tripling of the six-month product backlog compared to the previous year, indicating accelerating design-win conversion and improved future growth visibility. The 5G eRedCap platform is on track, and the company is experiencing growing interest in its RF transceiver for SDR applications across defense, drone, and space markets.