Sequans Communications Shelves Mixed Securities and Invests in Bitcoin

Sequans Communications (SQNS) has made a strategic move by purchasing $88.5 million in bitcoins, resulting in a 20% increase in its stock price. The company has also initiated an automatic mixed securities shelf registration, indicating a proactive approach to financial management and growth aspirations. This move reflects the growing trend of tech companies diversifying their investment portfolios with digital currencies.

Sequans Communications (SQNS), a French chipmaker listed on the New York Stock Exchange, has made a strategic move by purchasing $88.5 million worth of bitcoins, resulting in a 20% increase in its stock price. The company has also initiated an automatic mixed securities shelf registration, signaling a proactive approach to financial management and growth aspirations. This move reflects the growing trend of tech companies diversifying their investment portfolios with digital currencies.

On August 25, 2025, Sequans announced plans to raise up to $200 million through an at-the-market equity program to expand its Bitcoin treasury [1]. The company currently holds 3,171 BTC and aims to reach 100,000 BTC by 2030. This initiative is part of the company's long-term goal to accumulate Bitcoin as a treasury reserve asset, joining a wave of public companies that have adopted BTC [2].

Sequans will sell American Depositary Shares (ADS) at its discretion, depending on market conditions. The firm's CEO, Georges Karam, stated that the proceeds will be used judiciously to optimize its treasury, increase Bitcoin per share, and deliver long-term value to shareholders [3]. At current prices, the new raise could buy roughly 1,814 BTC, boosting Sequans’ holdings close to 5,000 BTC, on par with Semler Scientific.

This move comes as corporate Bitcoin adoption continues to expand globally. The number of public firms with BTC on their balance sheets has climbed to 174 this year, up from fewer than 100 in early 2025 [1]. The volatile market backdrop, with Bitcoin trading at $110,045 and down more than 11% from its mid-August all-time high, has not deterred Sequans from its strategic accumulation plan.

Meanwhile, rival treasury strategies are gaining traction in Ether. Firms such as BitMine Immersion Technologies, SharpLink, and The Ether Machine collectively hold billions in ETH, contributing to the token’s 198% surge since April [1]. Additionally, Galaxy Digital, Jump Crypto, and Multicoin Capital are in talks to raise around $1 billion to build the largest Solana treasury to date [1].

The growing trend of tech companies adopting digital currencies as part of their treasury strategies reflects a broader shift in corporate finance. As the digital currency landscape evolves, companies like Sequans are positioning themselves to capitalize on the long-term potential of these assets.

References:
[1] https://finance.yahoo.com/news/nyse-listed-semiconductor-firm-sequans-121231254.html
[2] https://cryptonews.com/news/nyse-listed-semiconductor-firm-sequans-plans-200m-raise-to-buy-bitcoin/
[3] https://aicryptocore.com/sequans-200m-bitcoin-treasury-raise/