SEQUANS JUST DUMPED THEIR ENTIRE $BTC BAG

French semiconductor firm Sequans Communications sold their last 314 $BTC. Treasury now at ZERO.

They once held 3,200+ $BTC and were targeting 100,000 by 2030. That aged poorly.

The exit:
🔻 3,234 → 2,264
🔻 2,264 → 658
🔻 658 → 314
🔻 314 → 0

Reason? Paid off convertible debt. Now they're back to IoT chips and software-defined radio.

Another corporate treasury strategy bites the dust. When conviction fades, the sells come fast.

$BTC treasury play: DEAD.