Sequans sold 1,025 BTC in Q1 2026, reducing its total reserves from 2,139 BTC to 1,114 BTC. The company reported a 24.8% year-over-year revenue decline, with an operating loss of $50.5 million that includes $29.3 million in unrealized bitcoin impairment. Its Nasdaq shares have fallen 51.

Sequans Cuts Bitcoin Position Nearly in Half to Fund Debt Redemptions and ADS Buybacks