Sequans Communications just dropped their last 34 BTC earlier this week and slammed the door shut on that whole Bitcoin treasury experiment. 🖤
The semiconductor firm prioritized clearing debt and locking back into their main chip game rn.
Bitcoin Bag Dumped For Good 💀
Management wrapped the exit they kicked off this year in a measured way and now the balance sheet sits clean with zero crypto left and only light government R&D obligations hanging around. 😈
CEO Georges Karam noted they offloaded the final stash in an opportunistic style but the full focus shifts to semiconductor expansion from here. 🌙
They started peeling away in May by using some BTC to clear convertible debt from 2025 and kept liquidating down to nothing by late September. 🦇
On the bright side their product revenue popped over 80 percent year over year in Q2 while the backlog more than tripled. 🕸️
Other Firms Playing BTC Exit Games 🩸
A few public companies trimmed exposure lately too like Satsuma Technologies which cleared its remaining stash months back. ⚡
Empery Digital let go of 1,400 BTC for around 87 million earlier as well.
Strategy surprised everyone by selling a bit during summer then flipped back to buying once price recovered and the position went green again. 🔥
Strive stayed all in with zero sales and kept stacking up to 25,000 BTC recently plus another 1,355 last week.
Just another echo from the void by iconofsin.eth 💖
