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Sequans settled 1,025 Bitcoins in the first quarter of 2026.
Golden Finance reports that on May 6th, Paris-based chip manufacturer Sequans Communications liquidated 1,025 Bitcoins in the first quarter of 2026, as its cryptocurrency reserves nearly halved due to plummeting revenue and increasing losses.
According to the first-quarter earnings report, the semiconductor manufacturer’s Bitcoin holdings decreased from 2,139 Bitcoins at the end of 2025 to 1,114 Bitcoins at the end of April. This sale provided the company with critical liquidity, as it reported a net loss of $54.3 million (or a loss of $3.73 per diluted American Depositary Receipt), compared to a loss of $7.3 million in the same period a year earlier.