Bitcoin traded at $84,165 on Saturday, staying 33.2% below its October 2025 record of $126,080, but logging a 3.64% gain over the past week and 8.85% over two weeks. The cryptocurrency’s short-term stability coincided with the news that Sequans Communications, a US-listed semiconductor solutions provider, has completed its exit from Bitcoin treasury holdings.
Sequans departs Bitcoin treasury strategy
Sequans Communications sold its remaining 34 BTC, marking the end of its corporate treasury program. The company reported that it currently holds no crypto assets, and all debt except for obligations linked to government-funded research projects has been repaid.
Chief executive Georges Karam emphasized that their approach prioritized careful monetization of Bitcoin holdings, allowing the company to redirect its focus toward expanding its core semiconductor business.
Sequans stated that its treasury sale was motivated by a desire to restructure the balance sheet and not due to negative sentiment about Bitcoin itself.
Sequans began reducing its BTC position in May, using a portion to redeem outstanding convertible debt issued in July 2025. Its holdings declined from 658 BTC in May to 314 BTC by the end of June, before the final sale in September. The firm highlighted a year-over-year product revenue increase of over 80% and a tripling of its six-month product backlog, supporting its pivot to semiconductors.
Other publicly-listed companies have charted distinct paths. Satsuma Technologies dissolved its treasury operations, and Empery Digital sold 1,400 BTC for approximately $87 million earlier in 2026. Strategy, which had previously pursued a buy-only policy, made several sales during the summer but resumed acquisitions late August, with last week’s purchase adding 1,355 BTC. Strive, another significant corporate holder, increased its position to 25,000 BTC after recent purchases.
These varied strategies illustrate that treasury moves reflect individual corporate priorities and do not indicate a consensus among public Bitcoin holders.
Mini dictionary: Sequans Communications, a New York Stock Exchange-listed company specializing in 5G/4G semiconductor solutions for broadband, IoT, and connected devices, formerly held Bitcoin as a treasury asset before its recent exit.
Dormant Bitcoin supply and key support
On-chain analyst Crypto Patel reported that roughly 16.3 million BTC, or about 81% of total circulating supply, has remained unmoved for at least six months. Since 2020, long-term holders have added more than 3 million BTC. Around 300,000 BTC transferred from older wallets during the first half of 2026.
Retail investors were net sellers in the first half of the year, offloading about 140,000 BTC, but reversed course to purchase over 107,000 BTC in the third quarter. While wallet age data help track market trends, they do not directly predict future supply movements.
The majority of Bitcoin’s supply has been held steadily for months, as long-term holders add to their balances while some coins shift to new owners in response to changing market conditions.
Bitcoin traded in a 24-hour range between $83,230 and $84,662 after failing to overcome resistance at $87,374. It currently shows a market capitalization near $1.69 trillion and daily trading volume close to $27.86 billion.
| Date/Period | BTC Price | Market Cap | 24h Volume | Weekly Change | ATH/Current Difference |
|---|---|---|---|---|---|
| Current | $84,165 | $1.69 trillion | $27.86 billion | +3.64% | -33.2% vs. ATH ($126,080) |
For technical traders, $83,000 represents a pivotal support. A clear break below this level could put the $80,000 to $81,144 support area at risk, while resistance remains between $85,500 and $86,000. The most recent daily low at $83,230 sits just above the major support level. Recovery above resistance could bring $87,374 back into play.
Technical indicators remain largely positive: daily moving averages show 13 bullish readings. However, with Bitcoin still well below its all-time high and trading near crucial support, the immediate outlook remains nuanced. Maintaining $83,000 would keep the current price structure intact; if lost, attention may quickly shift to the next lower support zone.
