The stock price of Sequans Communications S.A. (NYSE: SQNS) had a notable increase on Thursday, rising 88.41% to close at $3.90. The significant increase came when the business formally started a bitcoin treasury program, starting with the purchase of 370 bitcoins. This purchase was financed through proceeds from a recently concluded offering of ordinary shares and convertible debentures, finalized on July 7, 2025.
Ambitious BTC Accumulation Strategy Unfolds
In the next few weeks, Sequans plans to purchase more than 3,000 bitcoins as part of its recently disclosed financial plan. The program demonstrates the business’s long-term faith in bitcoin as a reliable store of wealth in the face of changing economic conditions. As more tech companies look at cryptocurrencies for asset diversification, the choice marks a significant change in corporate finance.
Coinbase Prime Selected for Custody and Infrastructure
Sequans has chosen Coinbase (NASDAQ: COIN) as its custodian to safely manage its digital assets. By utilizing Coinbase Prime, a comprehensive prime brokerage platform designed specifically for institutions, Sequans is able to access high-quality custodial infrastructure and substantial liquidity. This move ensures regulatory compliance and operational scalability as the company ramps up its crypto treasury operations.
Private Placement Secures $384 Million for BTC Treasury
Sequans secured $384 million in funding by successfully closing its debt and equity private placement transactions concurrently with the bitcoin purchase. The investment round involved around 40 institutional investors. These funds are largely designated for general corporate reasons related to bitcoin accumulation as well as for carrying out the first phase of the bitcoin treasury plan.
Long-Term Value Creation Vision
Sequans hopes to increase long-term shareholder value and strengthen fiscal resilience by incorporating bitcoin into its financial structure. To further demonstrate its dedication to the developing digital economy, the company also plans to increase its bitcoin holdings using surplus funds from its main business and next investment rounds.
