Sequans Communications sold 1,025 BTC in Q1 2026, reducing its Bitcoin treasury from 2,139 BTC to 1,114 BTC. According to the company’s preliminary Q1 2026 results announced on the 5th, the sale generated an $11.7 million realized loss and the proceeds were used to repay convertible bonds and fund ADS share buybacks. Earlier disclosed quarter results also included a $54.3 million net loss, with $29.3 million in unrealized Bitcoin impairment, and 817 BTC pledged as collateral for $35.9 million in convertible notes.