Sequans Communications Launches $384 Million Bitcoin Treasury Initiative

Sequans Communications S.A., a prominent developer of 5G and 4G IoT semiconductors and modules, has announced a strategic expansion with the launch of a bitcoin treasury initiative. The company aims to raise approximately $384 million through private placements, issuing $195 million in equity securities and $189 million in convertible secured debentures to fund this new venture.

CEO Georges Karam expressed confidence in bitcoin’s long-term value, stating that the initiative reflects a strong belief in bitcoin as a premier asset that will enhance Sequans’ financial resilience and create substantial shareholder value. To manage this treasury strategy, Sequans will partner with Swan Bitcoin, a prominent bitcoin treasury management provider known for its expertise in bitcoin custody, security, and investment services.

Despite this new direction, Sequans reaffirmed its commitment to its core business of advancing cellular IoT technologies. The company continues to support customers with a robust roadmap of 4G and 5G products, aiming to meet the evolving needs of IoT applications and facilitate a smooth transition from 4G to 5G networks.

The private placement offerings include the sale of over 1.3 billion ordinary shares and common warrants. The equity private placement is expected to close by July 1, 2025, pending shareholder approval at the upcoming general meeting on June 30, 2025. The debt private placement’s closing is contingent on the successful completion of the equity placement.

Northland Capital Markets and B. Riley Securities are serving as joint lead placement agents for the offering, with Yorkville Securities acting as placement agents. Legal counsel includes Lowenstein Sandler LLP and ARCHERS (AARPI) for Sequans and Goodwin Procter LLP for the placement agents.

Sequans Communications’ new $384 million Bitcoin Treasury Initiative places it at the nexus of advanced IoT technology and digital asset investment. This action mirrors a growing corporate trend of incorporating Bitcoin into treasury management. Similarly, other companies have also announced their adoption of Bitcoin Treasury Initiatives.