Written by Turner Wright , Staff Writer.Reviewed by Robert Lakin , Staff Editor.
Written by Turner Wright , Staff Writer.
Reviewed by Robert Lakin , Staff Editor.
French company abandons crypto treasury strategy, will liquidate Bitcoin holdings
Latest NewsPublishedMay 28, 2026
In the year since Sequans Communications revealed that it would adopt a digital asset treasury strategy, the price of Bitcoin fell by more than 30%.
The France-based semiconductor company that revealed a move into crypto is “no longer pursuing” a treasury strategy after less than a year.
In a Thursday notice, Sequans Communications stated it held 658 Bitcoin (BTC) worth about $48 million at the time of publication, which it stated was “fully unencumbered” and unrestricted as it looks to refocus solely on Internet of Things (IoT) semiconductor growth.
The company’s NYSE-traded shares, which have shed more than 75% since last June, were up more than 14.5% in morning trading following the announcement.
as reported by the company, it had concluded the digital asset treasury strategy it introduced in June 2025 and would “monetize remaining holdings over time.” The shift in strategy came as Sequans stated it had fully redeemed all convertible debt issued in July 2025, funded with the liquidation of some of its BTC holdings at the time.
CEO Georges Karam stated that the company was “fully focused on scaling [its] [Internet of Things] semiconductor business,” not mentioning any plans to scale up crypto investments.
Source: Sequans
Sequans revealed the sale of $384 million in equity securities and convertible secured debentures a year ago, with Karam calling Bitcoin “a premier asset and a compelling long-term investment” at the time. Since the launch of its treasury strategy, the price of Bitcoin has fallen by more than 30%, from $105,419 to $72,780.
Related: Europe’s Bitcoin treasury playbook won’t be a copy of Strategy: PBW 2026
Capital B shares continue dropping after Bitcoin acquisition
The move away from a digital asset treasury reduces the total number of publicly traded European companies investing in Bitcoin and other cryptocurrencies to 40, as reported by website Bitcoin Treasuries. It lists 67 publicly traded US companies, including Strategy, which revealed a $2 billion purchase in Bitcoin on May 18, bringing its total holdings to 843,738 BTC.
Another France-based Bitcoin treasury company, Capital B, last week revealed that it had purchased more than $15 million worth of BTC, bringing its total holdings up to 3,135 coins. The company’s stock price has since fallen more than 16%.
Source: Yahoo! Finance
BitcoinTreasuries data shows Capital B was the 25th-largest BTC treasury globally, trailing behind Germany’s Bitcoin Group SE.
Magazine: Big Questions: Do we really only need 2–5 cryptocurrencies?
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