The Paris-based semiconductor firm has tapped into its Bitcoin treasury for the first time, using part of its holdings to pay down debt while insisting its confidence in the asset remains intact.
The move lowered total liabilities from $189 million to $94.5 million.
The company still holds more than 2,200 BTC after the sale.
Management reaffirmed that Bitcoin remains its core treasury asset.
A Tactical Move to Strengthen the Balance Sheet
In a rare move for a corporate Bitcoin holder, Sequans Communications has liquidated a portion of its digital reserves to improve liquidity. The French semiconductor company confirmed that it sold 970 Bitcoin, bringing its total holdings down from 3,234 BTC to 2,264 BTC.
The proceeds were used to repay nearly half of its outstanding debt, allowing the company to cut liabilities from $189 million to $94.5 million. Executives described the decision as a short-term financial adjustment, not a retreat from Bitcoin’s long-term promise.
CEO: “Our Conviction in Bitcoin Hasn’t Changed”
Despite the reduction in holdings, Sequans’ leadership reiterated that the company remains fully committed to its Bitcoin-based treasury strategy. CEO Georges Karam said the decision was primarily about balance sheet optimization amid tightening financial conditions.
Sequans Redeems 50% of Convertible Debt Through Strategic Asset Reallocation.
This move opportunistically leverages Bitcoin holdings to enhance financial flexibility, reduce Debt-to-NAV ratio, and boost buyback capacity while preserving long-term treasury optionality. $SQNS
Learn… pic.twitter.com/bTbVMQGC2T— Sequans (@Sequans) November 4, 2025
“This was a tactical choice designed to give us more flexibility,” Karam said. “By reducing our debt and relaxing certain restrictions, we can focus on executing new strategic initiatives while continuing to use Bitcoin as our long-term reserve asset.”
Karam emphasized that the company still views Bitcoin as a strategic cornerstone of its financial architecture, even as it adapts to changing market circumstances.
Sale Coincides With Broader Market Weakness
Sequans’ announcement came as Bitcoin prices fell around 3.5% in 24 hours, dropping to roughly $103,000. Analysts attributed the decline to a mix of hawkish comments from the Federal Reserve, ongoing U.S. government shutdown concerns, and large-scale leveraged liquidations.
The timing of Sequans’ sale, though seemingly coincidental, underscored how corporate Bitcoin holders are beginning to treat the asset not just as a speculative investment but as a financial tool for capital management.
Balancing Stability and Strategy
Sequans’ decision marks a shift toward financial pragmatism within the Bitcoin treasury movement. While the company trimmed its holdings to reinforce liquidity, it continues to stand among a growing group of corporations integrating Bitcoin into their financial frameworks.
By using Bitcoin to deleverage while reaffirming its commitment to the asset, Sequans has demonstrated how digital reserves can serve as both a hedge and a source of operational flexibility.
In a market rattled by volatility and macroeconomic uncertainty, the company’s actions suggest a nuanced message: Bitcoin isn’t just a long-term bet—it’s becoming part of real corporate strategy.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/bitcoin-treasury-firm-halves-debt-with-strategic-btc-sale/