Sequans' CEO reveals plan to continue acquiring Bitcoin in the future

Sequans Communications, manufacturer of 5G/4G IoT semiconductors, announced today the accumulation of a $384 million strategic investment to launch its Bitcoin Strategy. The company collected the investment funds from debt and equity private placement offerings from over 40 institutional investors.

Sequans plans to use the funds to buy Bitcoin and general corporate investments associated with the purchase of Bitcoin, following the security and collateral requirements of the offering. Georges Karam, Sequans’ CEO, was excited to begin executing the Bitcoin Treasury Strategy. 

Sequans’ CEO reveals plan to continue acquiring Bitcoin in the future

According to Georges Karam, Sequans’ CEO, Bitcoin’s unique properties will help Sequans’ financial resilience and create long-term value for its shareholders. He added that the company intends to continue accumulating Bitcoin using the extra cash collected from its core business and additional proceeds.

"With the closing of this financing, we are excited to begin executing our bitcoin treasury strategy," said Georges Karam, CEO of Sequans.https://t.co/mL9h9rzlRQ#Sequans #Bitcoin #BitcoinTreasury #TreasuryStrategy #Innovation #IoT #DigitalAssets pic.twitter.com/Cz38Fc3ry6

— SEQUANS (@Sequans) July 8, 2025

The investment funds were accumulated from selling 139,444,614 American Depository Shares (ADSs), each representing 10 ordinary shares at 0.01 pounds per share. The offering included Ordinary Shares and common warrants to purchase up to 20,916,680 ADSs that are exercisable within 90 days of the closing of the offering. The purchase was to be executed at a combined price of $1.40 per ADS and common warrant, accumulating $195 million into the total investment kitty. 

The offering received $189 million in the principal amount of the secured convertible debentures maturing on July 7, 2028, at a 4% original issuance discount. The common warrants to purchase up to 20,249,997 ADS exercisable within 90 days of the closing offering and Ordinary Shares at a conversion price of $2.10 per ADS. The warrants are subject to changes, bringing the total received funds to approximately $384 million. The common warrants exercised at $1.40 per ADS would accumulate an additional $57.6 million if exercised in full.

Sequans plans to partner with Swan Bitcoin, a premier Bitcoin financial services platform and institutional services provider, to use its expertise to ensure secure execution, robust governance, and market transparency. 

The investment attracted over 40 institutions, with Northland Capital Markets and B. Riley Securities working jointly as the offering agents and Yorkville Securities participating as the placement agent. Lowenstein Sandler LLP acted as the U.S. legal counsel, and ARCHERS (AARPI) was the French legal counsel for Sequans. For the placement agents, Goodwin Procter, LLP acted as U.S and French legal counsel.

Sequans stock (SQNS) rallies over 27% in the pre-market

The SQNS rallied by over 27% today, currently trading at $1.81 in the pre-market session after the announcement, while Bitcoin showed a positive change of 0.6% in the last 24 hours, currently trading at $108,976. SQNS YTD is down 48% with a year range of $0.95 – $4.28.

Sequans has entered the growing trend of companies investing in Bitcoin Strategy, such as Strategy and Metaplanet, that are gradually incorporating cryptocurrencies into their financial strategies. Sequans’ retail sentiment has improved to extremely bullish on StockTwits, indicating most users are posting on the symbol’s stream. 

Companies like Japanese Metaplanet have adopted the idea that institutional Bitcoin accumulation is not too late. Recent estimates revealed that the combined holdings by institutions are approximately 3.49 million BTC of the total Bitcoin supply.  BlackRock’s iShares Bitcoin Trust is the largest holder among ETFs, along with contributions from Grayscale’s Bitcoin Trust and ARK. 

Michael Saylor, CEO of MicroStrategy, has argued that economic challenges are the main reason companies adopt a Bitcoin Strategy. He says it helps them hedge against inflation. According to Bitcoin Treasuries, Microstrategy currently holds 597,325 BTC. 

Dylan LeClair, director of Bitcoin Strategy at Metaplanet, cited that the sovereign debt levels, relative to GDP, were reaching an unsustainable level. He believes the debt is unlikely to be repaid in due time without prolonged financial constraints, leading to a period where inflation exceeds interest rates.

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