Sequans unveils $200M share sale to fund Bitcoin treasury strategy

Sequans Communications plans to raise $200 million via an at-the-market equity offering ￰1￱ funds will be directed toward Bitcoin purchases under the company’s long-term treasury ￰2￱ Paris-based semiconductor firm acknowledged that the program supports the first phase of Sequan’s efforts at establishing its treasury ￰3￱ to its latest filing to the SEC on August 25, the firm plans to issue American Depositary Shares at its discretion, each share representing ten ordinary ￰4￱ plans to raise $384M for its BTC treasury strategy Today, we announced a new “At The Market” equity program to support our long-term Bitcoin treasury strategy. $SQNS 🔗 Learn more: ￰0￱ ￰5￱ — Sequans (@Sequans) August 25, 2025 Sequans will determine the timing and volume of any share sales under the ATM program based on market conditions and other ￰6￱ company’s CEO, Georges Karam, said the proceeds from the initiative will be used to accumulate Bitcoin in alignment with Sequans’ treasury strategy.

Sequans’ recent initiative follows its plans on July 8 to raise around $384 million for its Bitcoin accumulation ￰7￱ previously reported by Cryptopolitan, the firm partnered with BTC treasury management provider, Swan Bitcoin, to issue and sell approximately $195 million in equity and $189 million in convertible ￰8￱ said the company’s strategy reflects its strong conviction in Bitcoin as a premier asset and a compelling long-term investment. “We intend to use it judiciously to optimize our treasury, increase Bitcoin per share, and deliver long-term value of shareholders.” – Georges Karam , CEO of ￰9￱ filed with the SEC in July to raise roughly $189 million via secured convertible debentures and ￰10￱ the time of publication, on-chain data shows that the leading semiconductor firm has roughly 3,171 BTC in its holdings, worth around $350 million at current ￰11￱ is also one of the largest holders of BTC in Europe, with plans to amass 100,000 BTC by ￰12￱ company’s $200 million initiative could purchase another 1,814 BTC at the current market prices, bringing its total BTC in its reserves to around 5,000 ￰13￱ firm also wants to accelerate its treasury growth in 2026 through strategic equity issuance, deployment of Bitcoin-backed credit instruments, and potential monetization of intellectual property ￰14￱ and strategy lead at Unstoppable Wallet, Dan Dadybayo, argued that raising equity to buy Bitcoin dilutes a company’s existing ￰15￱ also believes that it ties the company’s valuation more directly to BTC’s volatility , but he said these prospects largely depend on ￰16￱ acknowledged that shareholders accepting dilution in exchange for long-term alignment with BTC’s growth makes equity-funded BTC purchases less like speculative punts and more like leveraged ￰17￱ to the researcher, small firms can incorporate structured financing, options strategies, or Bitcoin-backed deals to accumulate BTC effectively, making the model scalable if ￰18￱ also believes that the initiative comes with risks, such as whether the company can maintain operational discipline and avoid overextension during ￰19￱ argued that although Sequans can accumulate BTC at scale relative to its size, it lacks the financial edge to absorb prolonged drawdowns without shareholder ￰20￱ treasury companies continue accumulating Bitcoin Inventor of Hashcash, Adam Back, argued that BTC treasury adoption by public companies has become the new altcoin season for digital asset ￰21￱ urged speculators to dump altcoins into Bitcoin or Bitcoin ￰22￱ to Back, firms are doubling down on BTC purchases to increase their Bitcoin per ￰23￱ believes that such methods tap into different funding methods, such as convertible note offerings, to accumulate more of the digital asset, making them attractive for investors.

On-chain data shows that there are a total of 232 companies holding BTC in their treasuries as of August 25, ￰24￱ companies also hold a total of 3,646,777 Bitcoin worth around $402.5 ￰25￱ treasury firms have surged recently, with the largest corporate Bitcoin holder, Strategy, adding another 3,081 BTC on ￰26￱ Saylor’s company now has a total of 632,457 BTC in its balance sheet, while Metaplanet added another 103 BTC in the beginning of the ￰27￱ Bybit now and claim a $50 bonus in minutes