Sequans Communications
Coverage of Sequans Communications in the Nexus archive.
- French company abandons crypto treasury strategy, will liquidate Bitcoin holdings
A French company has decided to abandon its digital asset treasury strategy and will liquidate its Bitcoin holdings. The decision follows a more than 30% decline in Bitcoin's price over the past year.
- Sequans (SQNS) Completes Bitcoin Unwind, Exits Digital Asset Strategy After Less Than a Year
Sequans Communications (SQNS) has completed the sale of most of its Bitcoin holdings, exiting its digital asset strategy after less than a year. The company now holds 658 BTC and plans to monetize the remaining holdings over time, shifting focus back to its IoT semiconductor business and 5G technology development.
- French Chipmaker Sequans Dumps Half Its Bitcoin as Treasury Hype Meets Reality
Sequans Communications liquidated nearly half its Bitcoin treasury due to mounting losses and debt obligations. This move is a strategic reversal for the company. The decision was made as hype surrounding the treasury met reality.
- Sequans Sells Half Its Bitcoin Holdings as Revenue Falls and Losses Mount
Sequans Communications sold half of its Bitcoin holdings due to declining revenue and mounting losses. The company's revenue fell by 24.8% and reported a net loss of $54.3 million. Sequans' Bitcoin strategy has become a burden, with the remaining holdings largely encumbered as collateral for outstanding debt.