Sequans Communications bitcoin holdings
Sold four fifths of its treasury in three months to clear a convertible and get back to selling IoT chips.
Key figures
- Bitcoin held
- 314 BTC
- As of
- 2026-06-30
- Rank
- 70 of 165
- Value at current price
- $19.8M
- Share of 21 million
- <0.01%
Holdings over time
Cumulative bitcoin held after each disclosed event. The line steps rather than slopes because treasury positions change on purchase dates, not continuously.
Only a few disclosures are on file so far. The line joins the points we can source, and grows as more are published.
We do not yet have enough dated market cap points for Sequans Communications to chart its valuation history. Rather than interpolate, we leave it out until the figures are filled in.
Every disclosure we have
| Date | Event | Change | Total held | Note | Source |
|---|---|---|---|---|---|
| 2026-06-30 | Sold | 314 | 314 BTC worth $18.4 million, all unrestricted, after redeeming the convertible debt in full during May 2026. | sec.gov | |
| 2026-03-31 | Reported | 1,514 | 1,514 BTC with a market value of $103.2 million at the end of March 2026. | sec.gov |
About Sequans Communications
Sequans designs cellular chips for internet of things devices, and for a while in 2025 and 2026 it was better known for its balance sheet. It held 1,514 coins at 31 March 2026, worth $103.2 million. Three months later it held 314, worth $18.4 million, all of it unrestricted and available for sale.
The reason is stated plainly by chief executive Georges Karam: the company redeemed its convertible debt in full in May 2026 and has continued to reduce the bitcoin position in what he called a disciplined and opportunistic manner, to simplify the capital structure and sharpen the focus on the core IoT strategy.
That is the cleanest example on this list of a treasury doing exactly what it was raised to do and then being unwound. The convertible bought the coins, the coins repaid the convertible, and the semiconductor company is a semiconductor company again.
Compared with its neighbours
Sources
Holdings figures and their dates come from the disclosures linked in the history table above. Read the full methodology.