JUST IN: 🇫🇷 Sequans becomes the first Bitcoin Treasury Company to officially sell part of its Bitcoin holdings.

The firm announced it had sold 970 BTC in order to redeemed 50% of its convertible debt from its July 7, 2025 offering,

This move reduces Sequans’ total outstanding debt from $189M to $94.5M.

Its Bitcoin holdings now stand at 2,264 BTC, down from 3,234 BTC.

CEO Georges Karam called the sale a “tactical decision aimed at unlocking shareholder value” amid current market conditions.