PANews reported on May 6th that, according to Decrypt, French chipmaker Sequans Communications sold 1,025 bitcoins in the first quarter of 2026, reducing its bitcoin holdings by nearly half from 2,139 at the end of 2025 to 1,114 at the end of April. The company reported a net loss of $54.3 million in the first quarter, with operating losses widening to $50.5 million from $7.3 million in the same period last year. Financial documents show that the quarterly loss included $29.3 million in unrealized bitcoin impairment losses and $11.7 million in realized sales losses. Sequans began accumulating bitcoins in July 2025, previously positioning them as a "long-term store of value for shareholders." The company has pledged its remaining 817 bitcoins as collateral for $35.9 million in convertible notes. Sequans' stock price has fallen approximately 42% over the past six months.