Sequans Becomes First Bitcoin Treasury Firm to Sell Holdings Amid Market Strain

Sequans Communications, a fabless semiconductor company that adopted Bitcoin (BTC) as a reserve asset, has sold 30% of its holdings to reduce convertible debt. This marks the first instance of a BTC digital asset treasury (DAT) firm selling its holdings. The move has sparked greater scrutiny of digial asset treasury strategies. Sequans Communications Sells Bitcoin Holdings to Cut Debt Sequans Communications began accumulating Bitcoin in July 2025 source: https://beincrypto.com/sequans-bitcoin-sale-loss-corporate-treasury/