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The semiconductor firm plans to expand holdings to 3,000 BTC using proceeds from recent its capital raise.
Jul 10, 2025, 12:33 p.m.
Sequans acquired 370 BTC initially and aims to accumulate over 3,000 BTC
What to know:
- Sequans acquired 370 BTC initially and aims to accumulate over 3,000 BTC in the coming weeks as part of its strategic bitcoin reserve plan.
- “This initiative reflects our confidence in bitcoin as a long-term store of value for our shareholders,” said CEO Georges Karam.
- Coinbase Prime will serve as Sequans’ crypto custodian.
Sequans Communications (SQNS), a leading cellular semiconductor maker, has announced its acquisition of 370 bitcoin
as part of a newly launched bitcoin treasury strategy.
The purchase was funded by proceeds from its recent equity and convertible debenture offering that closed on July 7.
“We are excited to begin executing our strategic plan to accumulate over 3,000 BTC in the coming weeks,” said Georges Karam, CEO of Sequans. “This initiative reflects our confidence in bitcoin as a long-term store of value for our shareholders.”
Sequans has chosen Coinbase as custodian, utilizing Coinbase Prime’s institutional-grade services.
Sequans Communications shares are up 2% in pre-market trading following the announcement of its bitcoin treasury strategy.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
James Van Straten
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin's role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin and Strategy (MSTR).
AI Boost
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