Catenaa, Sunday, June 29, 2025- Paris-based semiconductor company Sequans Communications announced plans to raise $385 million through private placements to fund a bold bitcoin treasury strategy, making it the latest publicly traded firm to adopt crypto reserves.
Sequans will offer $195 million in equity and $189 million in convertible bonds in a move modeled after Strategy’s debt-and-equity-backed bitcoin acquisition blueprint. The firm said the initiative reflects strong conviction in bitcoin’s long-term value and financial resilience potential.
“Our bitcoin treasury strategy reflects our strong conviction in bitcoin as a premier asset and a compelling long-term investment,” said CEO Georges Karam in a statement.
He added the strategy aims to enhance shareholder value and financial stability.
The financing round is expected to close by July 1. Swan Bitcoin, a prominent crypto financial services firm, will serve as advisor.
Placement agents include Northland Capital Markets, B. Riley Securities, and Yorkville Securities.
Sequans, founded in 2003, specializes in wireless cellular chipsets and 5G infrastructure. Despite the announcement, its stock fell 12% Monday to $1.62, giving the company a market cap of $40 million. The size of the planned offering is nearly 10 times its current valuation.
The move places Sequans alongside other recent corporate adopters of bitcoin treasury strategies, signaling increased institutional interest in bitcoin amid market recovery and pro-crypto policy momentum.
Sequans to raise $385M in debt and equity for bitcoin acquisition.
Swan Bitcoin advising the strategy; deal closes by July 1.
Stock fell 12% Monday despite bold treasury shift.
Firm joins rising list of public companies betting on BTC reserves.
IoT firm Sequans to raise $385M via debt and equity to buy bitcoin. Swan advises deal; stock drops 12% despite bold treasury strategy announcement.
