Treasury Qualification
Treasury classificationFormer Bitcoin Treasury / Residual Holder
Qualification tierCore Directory
Directory statusExcluded
Ownership statusApproximately 658 company-owned BTC remained on the balance sheet as of May 28, 2026. Sequans stated that all remaining Bitcoin was unrestricted and unencumbered after full debt redemption.
Strategic intent
Sequans formally concluded its Bitcoin treasury strategy in May 2026 after using Bitcoin sales to redeem its remaining convertible debt. Management states that it intends to monetize the remaining Bitcoin over time and has returned its strategic focus to its IoT semiconductor business.
Bitcoin Treasury
BTC counted in directory658 BTC
Estimated value$41,884,990BTC price retrieved: July 28, 2026 at 19:51 UTC
Holdings as ofMay 28, 2026
Average purchase priceNot disclosed
Ownership and Restrictions
Component figures are shown only when separately disclosed. “Not separately disclosed” does not imply zero.
Total BTC reported658
Unencumbered / unrestricted658
Pledged as collateral0
Loaned to third parties0
Subsidiary-owned0
Other restricted / receivable0
Latest Financial Results
Reporting period: Three months ended March 31, 2026
Revenue$6,054,000
Operating income/loss$-50,500,000
Net income/loss$-54,312,000
Cash$10,628,000
Management
- Chief executive officer
- Georges Karam
- Chief financial officer
- Deborah Choate through June 30, 2026; Norman Brodt appointed successor
- Executive chair
- Georges Karam (Chairman, President, and Chief Executive Officer)