French chip manufacturer Sequans sold 1,025 bitcoins in Q1, halving its holdings compared to the end of last year

By: rootdata|2026/05/06 00:48:03

According to Decrypt, French chipmaker Sequans Communications sold 1,025 bitcoins in the first quarter of 2026, reducing its bitcoin holdings from 2,139 at the end of 2025 to 1,114 by the end of April, nearly halving its position.

The company reported a net loss of $54.3 million in the first quarter, with operating losses widening from $7.3 million in the same period last year to $50.5 million. Financial documents show that the quarterly losses included an unrealized bitcoin impairment loss of $29.3 million and a realized sales loss of $11.7 million. Sequans began accumulating bitcoin in July 2025, previously positioning it as "a long-term store of value for shareholders." The company has pledged the remaining 817 bitcoins as collateral for $35.9 million in convertible notes. Sequans' stock price has fallen about 42% over the past six months.

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