Sequans sells 1,025 bitcoin to fund debt redemption and buybacks as revenue drops 24.8%
The Block
Sequans Communications sold 1,025 bitcoin to address debt and buybacks amidst a 24.8% revenue decline and significant operating losses.Summary
Paris-based Sequans Communications reduced its bitcoin reserves by 1,025 BTC in the first quarter of 2026 to fund debt redemptions and share buybacks. The company, which reported a $6.1 million revenue—a 24.8% year-over-year decrease—also recorded an operating loss of $50.5 million. Currently, Sequans holds 1,114 BTC, with 817 BTC pledged as collateral for outstanding convertible notes.
(Source：The Block)