Bitcoin News Today: "Semiconductor Giant Bets Big on Bitcoin's Future"

Sequans Communications, a French semiconductor company and pioneer in adopting Bitcoin as its primary treasury reserve asset, has announced a $200 million at-the-market (ATM) equity offering program to further its Bitcoin acquisition strategy. The initiative, filed with the U.S. Securities and Exchange Commission (SEC) under a shelf registration statement, authorizes the company to issue American Depositary Shares representing ten ordinary shares each, with the goal of raising up to $200 million for Bitcoin purchases. The funds will be allocated primarily to expand Sequans’ Bitcoin holdings as part of its broader strategy to position Bitcoin as its core treasury asset [1].

Currently, Sequans holds 3,171 Bitcoin (BTC) valued at $349 million on its balance sheet, making it the second-largest corporate Bitcoin holder in Europe behind Germany’s Bitcoin Group SE, which owns 12,387 BTC [1]. The company first unveiled its Bitcoin treasury strategy in June 2025 and has set a long-term goal of accumulating 100,000 BTC by 2030. At current market prices, the $200 million offering could allow Sequans to acquire an additional 1,814 BTC, increasing its total holdings to nearly 5,000 BTC—roughly equivalent to the amount held by U.S.-based Semler Scientific [1].

The timing of the equity offering aligns with broader market dynamics. Bitcoin has experienced a pullback to around $110,045 as of August 2025, down from its record high of $124,517 earlier in August [1]. Sequans’ decision to issue shares rather than use cash reserves is a strategic move to avoid diluting its operational flexibility while capitalizing on lower BTC prices. CEO Georges Karam emphasized that the company intends to use the ATM program "judiciously to optimize our treasury, increase Bitcoin per share, and deliver long-term value to shareholders." The flexibility of the program allows Sequans to act based on market conditions and corporate needs, ensuring its Bitcoin acquisition strategy remains adaptable to external economic factors [1].

This move by Sequans reflects a growing trend among public companies to adopt Bitcoin as a treasury asset. As of August 2025, the number of public companies holding Bitcoin has risen to 174, up from fewer than 100 at the start of the year [1]. While Sequans is one of the early adopters, it joins the ranks of companies such as Strategy, the world’s largest corporate Bitcoin holder with over 632,457 BTC, and BitMine Immersion Technologies, which transitioned to an Ethereum (ETH) treasury strategy [2]. The latter shift highlights the increasing diversification of corporate crypto portfolios, with Ethereum gaining traction among institutional investors.

Despite the rising competition from ETH-based treasury programs, Sequans remains committed to its Bitcoin-centric strategy. The company’s decision underscores its confidence in Bitcoin as a long-term store of value and inflation hedge, particularly in light of its role in the company’s broader financial and technological innovation goals. The company also emphasized that its Bitcoin strategy is not speculative but rather a core component of its corporate financial planning [2].

The broader corporate adoption of Bitcoin and other cryptocurrencies has also created opportunities for financial intermediaries, including custodians, brokers, and investment banks. Firms such as BitGo, Morgan Stanley, and Galaxy have reported increased activity and revenue from custody, trading, and asset management services related to corporate crypto treasuries. These firms are now playing a central role in facilitating large-scale corporate crypto acquisitions, offering a mix of custody, yield-generating services, and strategic advisory [5].

Source:

[1] Semiconductor company Sequans is raising $200M to buy Bitcoin (https://cointelegraph.com/news/sequans-files-200-million-equity-offering-buy-bitcoin)

[2] Sequans Plans $200M Raise to Boost Bitcoin Treasury (https://coinpaper.com/10711/sequans-plans-200-m-raise-to-boost-bitcoin-treasury)

[3] Who's Getting Rich Off The $100 Billion Crypto Treasury Boom (https://www.forbes.com/sites/juliegoldenberg/2025/08/19/whos-getting-rich-off-the-100-billion-crypto-treasury-boom/)