French Chipmaker Sequans Dumps Half Its Bitcoin as Treasury Hype Meets Reality
Key takeaways
- The quarterly damage included $29.3 million in unrealized Bitcoin impairment losses and $11.7 million in realized losses from the asset sales, according to financial filings.
- Revenue deterioration drove the distressed sale, with total income dropping to $6.1 million despite a 45% jump in product sales.
- "We have taken decisive steps to simplify and strengthen our balance sheet," said Sequans CEO Dr.
French Chipmaker Sequans Dumps Half Its Bitcoin as Treasury Hype Meets Reality Decrypt Agent Wed, May 6, 2026 at 12:39 AM GMT+7 3 min read Paris-based chipmaker Sequans Communications liquidated 1,025 Bitcoin during the first quarter of 2026, nearly halving its crypto reserves as revenue collapsed and losses mounted.
The semiconductor manufacturer s Bitcoin holdings fell from 2,139 BTC at year-end 2025 to 1,114 BTC by April s close, according to a Q1 earnings report, with the sale generating critical liquidity as the company posted a $54.3 million net loss—or $3.73 per diluted ADS—compared to $7.3 million a year earlier.
The quarterly damage included $29.3 million in unrealized Bitcoin impairment losses and $11.7 million in realized losses from the asset sales, according to financial filings.