Tech Company Loses 90% After Failed Bitcoin Investment Strategy

A technology company called Sequans just learned an expensive lesson about investing in Bitcoin (digital currency). After buying thousands of Bitcoin last year, they've now sold most of it at a huge loss.

What Happened: • In June 2025, Sequans borrowed $385 million to buy Bitcoin • They bought over 3,000 Bitcoin when prices were high • Bitcoin's price crashed from $126,000 to $80,000 • The company panic-sold over 80% of their Bitcoin • Investors who bought Sequans stock lost more than 90% of their money

Sequans is a French company that makes computer chips for internet-connected devices (like smart meters and tracking devices). Their CEO thought Bitcoin would be a "store of value" (something that keeps its worth over time) for shareholders (people who own the company's stock).

But when Bitcoin's price dropped dramatically, the company had to sell most of their Bitcoin to pay back the money they borrowed. They now have only 658 Bitcoin left from their original 3,000+ Bitcoin purchase.

The company says they're done with Bitcoin and will focus on their original business of making computer chips. Their stock price went up 10% when they announced they were quitting Bitcoin, but investors who bought during the Bitcoin excitement are still down over 90%.

The lesson: Even big companies can make costly mistakes when they invest in things they don't fully understand.

This is an AI-generated summary. Read the original article at: https://bitcoinmagazine.com/news/sequans-completes-bitcoin-unwind