Sequans redeemed all convertible debt issued in July 2025 by selling part of its Bitcoin holdings and now maintains about 658 BTC unencumbered. The company is near debt-free, simplifying its capital structure and refocusing on scaling its IoT semiconductors, advancing the 5G eRedCap roadmap and expanding RF transceiver markets.
Sequans completed the full redemption of all convertible debt issued in July 2025, funding the transaction through the sale of a portion of its Bitcoin holdings.
Following the transaction, the company retains approximately 658 Bitcoin on its balance sheet, all of which are now fully unencumbered by debt covenants or collateral requirements.
With the elimination of its convertible debt, Sequans has transitioned to a near debt-free balance sheet, enhancing financial flexibility and reducing interest obligations.
Sequans is now concentrating on scaling its cellular IoT semiconductor solutions, advancing its 5G eRedCap roadmap and expanding its RF transceiver offerings into defense and drone applications to drive future growth.
