Traditional semiconductor companies play with BTC treasury reserves, and after redeeming the bonds and repaying the debt, they still have to slowly release inventory—this operation is pretty steady.

Bijie.com News reports that cellular semiconductor manufacturer Sequans Communications (NYSE: SQNS) has raised funds by selling nearly 80% of its Bitcoin holdings, completing the full remaining convertible bond redemption related to its Bitcoin treasury. At present, all of the company’s convertible bond redemption has been completed, and the remaining 658 Bitcoins have been fully released from any encumbrance. Sequans said it plans to gradually “liquidate” the remaining Bitcoins over time, but did not specify whether it will be sold directly, used as collateral, or used in other on-chain strategies.