Bitcoin News Today: Sequans Launches $200M Equity Offering to Expand Bitcoin Holdings

French semiconductor company Sequans Communications has initiated a $200 million at-the-market equity offering to further its Bitcoin treasury strategy [1]. The company, listed on the Nasdaq, previously held 3,171 Bitcoin and aims to use the newly raised capital to significantly expand its digital asset holdings [2]. The move marks a dramatic shift in Sequans’ financial approach, as the firm continues to build its Bitcoin reserves with a stated goal of accumulating 100,000 BTC by 2030 [1].

The equity offering allows Sequans to issue additional American Depositary Shares on an as-needed basis, providing flexibility to acquire Bitcoin as market conditions allow [2]. This approach mirrors strategies employed by other corporations that view Bitcoin as a strategic treasury asset [3]. The company has not disclosed a specific target for its Bitcoin purchases but has indicated a long-term commitment to the digital asset [1].

At current market prices, the $200 million could buy Sequans an additional 1,814 Bitcoin, bringing its total holdings to nearly 5,000 BTC — roughly the same amount as what Semler Scientific currently holds [2]. The Paris-based company is now the second-largest corporate Bitcoin holder in Europe, after Germany’s Bitcoin Group SE, which owns 12,387 BTC [1].

The timing of the offering comes amid a broader trend of corporate interest in Bitcoin as a reserve asset. Sequans joins a growing list of firms that have integrated Bitcoin into their balance sheets, with the number of public companies holding Bitcoin rising to 174 as of early 2025 [1]. This shift reflects a growing perception of Bitcoin as a hedge against inflation and a long-term store of value, especially in a macroeconomic environment marked by uncertainty [2].

However, the move also introduces new financial and operational risks, particularly in a volatile market environment [4]. Investors and industry observers have expressed mixed views on the decision. While some see it as a bold and forward-thinking move, others caution that the volatility of Bitcoin could pose significant challenges for a company primarily focused on semiconductor design and manufacturing [4]. The company has not disclosed how the Bitcoin holdings will be managed or whether there are plans for future diversification into other digital assets [2].

The offering has been filed with the U.S. Securities and Exchange Commission and is being facilitated through an at-the-market equity program [2]. Sequans has not provided details on the expected duration of the offering or how much of the raised capital will be allocated to Bitcoin in the near term [1]. The company’s management has emphasized that the move aligns with its broader financial strategy and long-term growth objectives [3].

The decision to raise capital for Bitcoin purchases has already attracted attention from financial analysts, who have begun to assess the potential impact on Sequans’ valuation and market perception [4]. As the offering progresses, further clarity is expected on the company’s digital asset strategy and how it plans to balance its core semiconductor business with its new focus on cryptocurrency [3].

The $200 million equity offering comes amid a Bitcoin price pullback, with the asset trading at $110,045 — 11.6% off its all-time high of $124,517 set on August 14 [1]. Meanwhile, the largest corporate Bitcoin holder, Strategy, scooped up 3,081 BTC on the same day, bringing its total to 632,457 BTC [1].

Source:

[1] https://cointelegraph.com/news/sequans-files-200-million-equity-offering-buy-bitcoin

[2] https://www.ainvest.com/news/bitcoin-news-today-sequans-launches-200m-atm-program-fund-bitcoin-treasury-strategy-2508/

[3] https://bitcoinworld.co.in/sequans-bitcoin-purchase-plan/

[4] https://www.stocktitan.net/news/SQNS/sequans-introduces-at-the-market-atm-equity-program-to-support-long-w6vef0xvubog.html