Wu Shuo learned that the French fabless semiconductor company Sequans Communications (NYSE: SQNS) has announced that it has sold the remaining 314 BTC it held as of June 30, formally ending its bitcoin treasury strategy. The company previously redeemed its convertible bonds in May. It currently has no other outstanding debts aside from liabilities related to government-funded R&D projects, and its balance sheet no longer holds any cryptocurrency. Going forward, it will reallocate its resources to its cellular IoT and software-defined radio (SDR) semiconductor businesses.