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Sequans Communications Kicks Off Bitcoin Treasury with 370 BTC Purchase
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.
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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.
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“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.
AI 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.
