BlockBeats News, May 28th - French semiconductor company Sequans Communications announced that it has completed the redemption of all Bitcoin treasury-related convertible debt, currently retaining 658 BTC with no debt burden. By selling nearly 80% of its Bitcoin holdings to repay the debt, the company has officially ended its Bitcoin accumulation strategy. CEO Georges Karam stated that this action strengthens the balance sheet, simplifies the capital structure, and the company will now fully focus on its core semiconductor business.

Sequans had previously started building a Bitcoin treasury in June 2025, aiming to rapidly accumulate up to 3000 BTC, but gradually reduced its holdings during a significant price decline from the peak. The company is now prioritizing the development of its 4G/5G IoT semiconductor business. The SQNS stock price rose slightly by 2% today, but has dropped over 90% from last year's high.