Sequans Communications S.A., a leading 5G/4G IoT semiconductor company, announced on June 23, 2025, a significant $384 million investment into a Bitcoin treasury. This strategic move aims to enhance Sequans' financial resilience by positioning Bitcoin as its principal treasury asset. The company will raise funds through private placements, including $195 million in equity securities and $189 million in convertible secured debentures.
Sequans has partnered with U.S.-based Bitcoin financial services firm Swan Bitcoin to manage the treasury strategy. CEO Georges Karam emphasized the company’s confidence in Bitcoin’s long-term investment value, viewing it as a premier asset capable of delivering significant shareholder value.
This initiative reflects a growing corporate trend of integrating Bitcoin into treasury management, following in the footsteps of companies like MicroStrategy. Sequans' shares increased by 14% in pre-market trading following the announcement, highlighting positive investor reception. Bitcoin was trading around $101,000 at the time, showing modest recovery amid recent geopolitical tensions.
The $384 million Bitcoin investment signals a strategic pivot that could influence wider corporate treasury approaches and market dynamics by increasing institutional Bitcoin demand and on-chain activity.