Sequans Communications Acquires 370 Bitcoin, Plans 3,000 BTC Treasury

Sequans Communications, a prominent semiconductor firm specializing in cellular IoT technology, has made a significant move into the cryptocurrency space by acquiring 370 Bitcoin (BTC). This purchase marks the initiation of the company's new bitcoin treasury strategy, funded by the proceeds from its recent equity and convertible debenture offering, which concluded on July 7, 2025. The company has ambitious plans to expand its holdings to over 3,000 BTC in the coming weeks, leveraging the funds from its recent capital raise.

Georges Karam, the CEO of Sequans, expressed his enthusiasm about the initiative, stating, "We are excited to begin executing our strategic plan to accumulate over 3,000 BTC in the coming weeks. This initiative reflects our confidence in bitcoin as a long-term store of value for our shareholders." The company has chosen Coinbase as its custodian, utilizing Coinbase Prime, a secure, full-service prime brokerage platform that offers deep liquidity and institutional-grade custody.

Ryan Ballantyne, Head of Coinbase's Corporate Treasury Strategy, commented on the partnership, saying, "Coinbase Prime is proud to power Sequans' strategic treasury framework, providing a secure, compliant, and scalable platform for their digital asset needs. As institutions expand into the onchain economy, they need more than a partner - they need a trusted platform that leads with transparency, efficiency, and regulated infrastructure. Coinbase is pleased to support Sequans' BTC initiatives as a selected partner."

Sequans Communications, founded in 2003 and headquartered in France, specializes in wireless cellular technology for the Internet of Things (IoT). The company's portfolio includes integrated circuits, modules, software, and protocol stacks designed for AI-connected applications such as secured payment, smart mobility, and industrial automation. By adopting Bitcoin as a primary treasury reserve asset, Sequans aims to position itself for long-term value creation, combining its strategic Bitcoin reserve with a deep focus on semiconductor innovation.

The company's forward-looking statements, which include plans to accumulate over 3,000 BTC, are based on assumptions and assessments made by Sequans in light of its experience and perception of historical trends, current conditions, and future developments. These statements involve risks and uncertainties that could significantly affect expected results, including potential adverse reactions or changes to business relationships resulting from the completion of the Qualcomm transaction or the Offering. Many factors could cause actual results to differ materially from those projected or implied in any forward-looking statements, including changes in the global, political, economic, business, and competitive environments, market and regulatory forces.