Sequans sold 1,025 BTC in Q1, reducing Bitcoin reserves due to declining revenue and debt pressure

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Deep Tide TechFlow News, May 6, according to Decrypt, French chip manufacturer Sequans Communications sold 1,025 BTC in the first quarter of 2026, nearly halving its Bitcoin reserves. The company’s holdings decreased from 2,139 BTC at the end of 2025 to 1,114 BTC at the end of April.

Financial reports show that Sequans’ first-quarter revenue decreased by 24.8% year-over-year to $6.1 million, with net losses expanding to $54.3 million, including $29 million in unrealized Bitcoin impairment losses and $11.7 million in realized losses from BTC sales. Of the remaining BTC, 817 coins are collateral for $35.9 million in convertible notes, which will mature on June 1.

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