Quick Breakdown
- The file reports on Sequans Communications’ filing of a $200 million equity offering aimed at expanding its Bitcoin holdings.
- The company plans to use funds raised through an “at the market” equity programme to buy Bitcoin as part of its treasury management strategy.
- This initiative follows Sequans’ ongoing commitment to Bitcoin as a key treasury asset and aims to increase the per-share Bitcoin reserve, reflecting strong confidence in Bitcoin’s long-term value.
Paris-headquartered semiconductor firm Sequans Communications has launched a $200 million “at the market” (ATM) equity programme to accelerate its Bitcoin treasury strategy. The Nasdaq-listed company aims to purchase more Bitcoin, expanding on its existing holdings of over 3,000 BTC, which are valued at approximately $349 million as of late July 2025.
Today, we announced a new “At The Market” equity program to support our long-term Bitcoin treasury strategy. $SQNS
🔗 Learn more: https://t.co/1zEPHOjNy1 pic.twitter.com/gcW62ZMCQQ
— Sequans (@Sequans) August 25, 2025
Sequans filed the ATM equity programme prospectus with the U.S. Securities and Exchange Commission (SEC), granting it the flexibility to sell American Depositary Shares (ADS) directly into the market over time, up to $200 million in aggregate. Each ADS corresponds to ten ordinary shares. The funds raised will be allocated primarily to increasing Bitcoin reserves, part of a broader treasury optimisation effort.
The CEO’s Remarks
CEO Dr. Georges Karam indicated that the programme marks the initiation of Sequans’ strategic Bitcoin accumulation phase. He emphasised the company’s confidence in Bitcoin as a premier asset that strengthens financial resilience while delivering long-term shareholder value.
This move mirrors recent corporate trends embracing Bitcoin as a treasury asset, akin to companies like MicroStrategy. It signals growing institutional recognition of Bitcoin’s role as a hedge against inflation and currency debasement. Analysts highlight that such significant capital allocation by a semiconductor firm may influence wider adoption of digital assets within traditional corporate finance frameworks.
Sequans remains committed to its core business of advancing 4G/5G IoT semiconductor solutions while integrating digital assets into its financial strategy. The ATM programme complements other funding sources, including debt issuance and operational revenues, to steadily build its Bitcoin reserves, with a long-term target to hold 100,000 BTC by 2030.
This strategic equity offering underlines the evolving landscape where technology firms increasingly diversify into cryptocurrency, blending innovation with prudent treasury management.
Similarly, Metaplanet Inc. has strengthened its Bitcoin treasury strategy with the acquisition of an additional 103 BTC, valued at ¥1.736 billion. The latest purchase was made at an average price of ¥16.85 million per Bitcoin, raising the company’s total holdings to 18,991 BTC.
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