Sequans Communications (SQNS) | BTCTreasuryInfo.com

Treasury Qualification

Treasury classificationFormer Bitcoin Treasury / Residual Holder

Qualification tierNot applicable

Directory statusExcluded

Ownership statusVerified 0 BTC at September 24, 2026 after completed treasury exit following debt redemption. Reported and unencumbered BTC are zero; no residual treasury balance remains. Excluded with no applicable tier. The former residual-holder narrative is historical. A NYSE compliance notice is not evidence of completed delisting; retain SQNS and its canonical profile.

Strategic intent

Sequans completed its Bitcoin treasury exit on September 24, 2026 following debt redemption and disposal of the residual BTC. Its historical treasury activity is retained while the company focuses on its IoT semiconductor business.

Bitcoin Treasury

Last verified attributable BTC0 BTC

Balance dateSeptember 24, 2026

Estimated value$0BTC price retrieved: October 27, 2026 at 09:03 UTC

Average purchase priceNot disclosed

Not included in totals

Verified at the stated balance date

Ownership and Restrictions

Component figures are shown only when separately disclosed and may overlap; they are not additive. Components refer to the eligible balance date unless dated otherwise in research notes. “Not separately disclosed” does not imply zero.

Total BTC reported0

Unencumbered / unrestricted0

Pledged as collateral0

Loaned to third parties0

Subsidiary-owned0

Other restricted owned BTC0

Latest Financial Results

Reporting period: Three months ended June 30, 2026

Revenue$7,459,000

Operating income/loss$-7,211,000

Net income/loss$-9,772,000

Cash$20,972,000

Management

Chief executive officer: Georges Karam
Chief financial officer: Norman Brodt
Executive chair: Georges Karam (Chairman, President, and Chief Executive Officer)

Research Notes

Sequans held 1,514 BTC at March 31, 2026, including 1,217 BTC pledged as security for convertible debt. After further Bitcoin sales, the company completed redemption of all remaining convertible debt on May 28, 2026 and reported approximately 658 BTC, all unrestricted. Sequans simultaneously announced that its digital-asset treasury strategy had concluded and that it would monetize the remaining holdings over time. The company is therefore shown for research transparency but excluded from the site's verified attributable treasury total because it no longer satisfies the strategic-intent requirement. For Q1 2026, Sequans reported $6.054 million in revenue, a $50.5 million operating loss, and a $54.312 million net loss. The quarter included $29.334 million of Bitcoin impairment losses and $11.683 million of net losses on Bitcoin sales. September 29, 2026 methodology and financial refresh: Verified 0 BTC at September 24, 2026 after completed treasury exit following debt redemption. Reported and unencumbered BTC are zero; no residual treasury balance remains. Excluded with no applicable tier. The former residual-holder narrative is historical. A NYSE compliance notice is not evidence of completed delisting; retain SQNS and its canonical profile. USD, preliminary unaudited Q2: three months ended June 30, 2026; balance sheet at June 30. 'Revenue' 7,459,000; 'Operating profit (loss)' -7,211,000; 'Profit (Loss)' -9,772,000 attributable to shareholders of parent. Cash 20,972,000; assets 83,619,000; liabilities 41,905,000 from current plus noncurrent liabilities. The release revises Q1 net loss to -76,216,000 after convertible-debt reassessment; preserve the correction without silently rewriting old comparisons. CFO succession completed: Norman Brodt. Source link for CFO transition retained; publication day not established in approved changeset. Financial source: https://www.sec.gov/Archives/edgar/data/1383395/000138339526000103/q22026earningspressrelease.htm (published August 4, 2026). Eligible historical/current evidence: https://sequans.com/sequans-completes-bitcoin-treasury-exit-and-emerges-with-a-solid-financial-foundation/ (source date: September 24, 2026). Supplemental approved references: https://www.sec.gov/Archives/edgar/data/1383395/000138339526000108/form6k-2026xseptembernysec.htm. Management evidence: https://sequans.com/sequans-announces-cfo-transition/. Historical notes above are preserved as dated history; earlier eligibility descriptions do not override this review. The existing last_verified date is unchanged and is not a blanket verification of unresolved fields.