Why Is This Company Dumping All of Its Bitcoin and Abandoning Its BTC Strategy?
The NYSE-listed semiconductor firm Sequans Communications introduced earlier this week that it had offered its remaining 34 BTC and had formally closed the ebook on its Bitcoin treasury technique.
The firm has finalized its exit, which started earlier this 12 months, as administration prioritized debt discount and refocused on its core enterprise.
Done With Bitcoin
The press launch shared by the corporate said the ultimate sale leaves it with no cryptocurrency holdings on its stability sheet and no excellent debt, aside from obligations tied to government-funded analysis and growth applications. Sequans framed the transfer as the ultimate step in a broader balance-sheet restructuring somewhat than a bearish name on Bitcoin itself.
CEO Georges Karam mentioned his firm had monetized its remaining holdings in a “measured and opportunistic method,” however it would now commit its full consideration to its semiconductor development technique.
Sequans started its BTC retreat in May after utilizing a portion of its BTC holdings to redeem all remaining convertible debt issued in July 2025. Back then, it nonetheless held roughly 658 BTC, however explicitly introduced that its digital asset treasury technique had concluded and that these remaining models can be monetized over time. By June 30, its whole stash had fallen to 314 BTC, but it surely was emptied out fully as of late September.
On the plus facet, the corporate’s product income rose by greater than 80% year-over-year in Q2, whereas its six-month product backlog greater than tripled, based on the PR.
Various Takes on BTC Strategy
Aside from Sequans, different public corporations additionally decreased their publicity to BTC this 12 months, together with Satsuma Technologies. It additionally dismantled its treasury automobile, disposing of the remaining models a couple of months again. Empery Digital offered 1,400 BTC for about $87 million earlier this 12 months as properly.
Perhaps the largest shock got here from Strategy, which broke with its long-standing buy-only method in the course of the summer season, finishing a couple of consecutive gross sales. However, it resumed its accumulation spree in late August and final week as BTC’s worth began to get well and Strategy’s place turned inexperienced.
Strive has been on the alternative facet; no gross sales have been carried out, and it has solely accelerated its BTC purchases. Its stash reached 25,000 models earlier this month, and it acquired one other 1,355 BTC final week.
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