Share this article
5G Chipmaker Sequans Joins the Bitcoin Treasury Strategy Rush
Shares of the Paris-based company are higher by 14% in premarket New York action.
Jun 23, 2025, 12:21 p.m.
What to know:
- Sequans (SQNS) is raising $384 million—$195M in equity and $189M in convertible debentures—to launch a bitcoin treasury.
- The company has partnered with Swan Bitcoin and cited strong long-term confidence in bitcoin as a premier asset.
- SQNS shares rose 14% premarket New York trade to $2.21.
Telecommunication company Sequans (NYSE:SQNS) has announced that it will raise $384 million to launch a bitcoin treasury, according to a press release.
The company has agreed to issue and sell $195 million in equity securities and $189 million in convertible secured debentures.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
“Our bitcoin treasury strategy reflects our strong conviction in bitcoin as a premier asset and a compelling long-term investment,” said Georges Karam, CEO of Sequans.
Sequans selected U.S.-based bitcoin-only financial services firm Swan Bitcoin as a partner to assist with its treasury strategy.
SQNS shares are up 14% in pre-market trading, changing hands at $2.21 per share.
The decision to adopt a bitcoin treasury follows in the footsteps of several publicly-listed companies of late, with healthcare, mining and media companies all acquiring bitcoin in recent weeks.
Bitcoin is currently trading at about $101,000, modestly bouncing from its panicky decline over the weekend following the U.S. strikes against Iran.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
DAWN raises $13M to expand decentralized broadband networks
The decentralized wireless protocol plans U.S. expansion and new international deployments as investors back a user-owned alternative to legacy internet providers.
What to know:
- DAWN raised $13 million in a Series B led by Polychain Capital.
- The protocol enables individuals and organizations to own and monetize wireless broadband infrastructure.
- New funding will support U.S. growth and international rollouts.
Top Stories
