TechFlow News, May 6: According to Decrypt, French chipmaker Sequans Communications sold 1,025 BTC in Q1 2026, nearly halving its Bitcoin holdings. Its Bitcoin holdings declined from 2,139 BTC at the end of 2025 to 1,114 BTC by the end of April.
Financial results show that Sequans’ Q1 revenue fell 24.8% year-on-year to $6.1 million, while its net loss widened to $54.3 million—comprising $29.3 million in unrealized Bitcoin impairment losses and $11.7 million in realized losses from BTC sales. Of the company’s remaining BTC, 817 BTC have been pledged as collateral for $35.9 million in convertible notes, which mature on June 1.
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