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Sequans Liquidates 1,025 Bitcoins in Q1 2026
On May 6, Paris-based chip manufacturer Sequans Communications liquidated 1,025 bitcoins in the first quarter of 2026, nearly halving its cryptocurrency reserves due to a sharp decline in revenue and increasing losses. According to the first quarter earnings report, the semiconductor company’s bitcoin holdings dropped from 2,139 bitcoins at the end of 2025 to 1,114 bitcoins by the end of April. This sale provided critical liquidity for the company, which reported a net loss of $54.3 million (equating to a diluted loss of $3.73 per American Depositary Share), compared to a loss of $7.3 million in the same period a year earlier.