French Semiconductor Company Abandons Cryptocurrency Treasury Strategy

Sequans Communications, a France-based semiconductor firm, has announced it will no longer pursue its digital asset treasury strategy. The decision was made public on Thursday in an official notice by the company.

In June 2025, Sequans had launched its crypto treasury strategy and held 658 Bitcoin (BTC), valued at approximately $48 million at the time of publication. This amount is described as 'fully unencumbered' and unrestricted, allowing the company to refocus on Internet of Things (IoT) semiconductor growth.

The move comes after a year of investing in cryptocurrencies. The company's stock price has seen an increase of over 14.5% in morning trading following this announcement. This rise is significant compared to its recent downturn, with shares shedding more than 75% since last June.