Paris-based telecom company Sequans Communications (NYSE: SQNS) has officially entered the growing wave of corporate Bitcoin adoption, unveiling plans to establish a bitcoin treasury reserve worth $384 million. This strategic shift comes amid a broader trend of non-crypto firms integrating BTC into their balance sheets as a long-term hedge and growth asset.
Capital Raise to Fund Treasury Expansion
Sequans will raise the funds via two instruments:
- $195 million in equity securities
- $189 million in convertible secured debentures
This move is designed to diversify corporate assets and capitalize on Bitcoin’s long-term appreciation, as noted in the company’s official statement.
“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.
Strategic Partnership with Swan Bitcoin
To facilitate its treasury execution, Sequans has partnered with Swan Bitcoin, a U.S.-based financial services firm focused exclusively on Bitcoin. Swan will assist Sequans in both acquisition and custody, ensuring compliance and long-term security for the company’s BTC holdings.
The collaboration echoes similar partnerships seen with firms like MicroStrategy and Metaplanet, both of which used institutional-grade partners for scaling their bitcoin treasuries.
Market Reaction and Industry Impact
Following the announcement, SQNS shares surged 14% in premarket trading, reaching $2.21 per share, indicating strong investor enthusiasm over the strategic pivot.
This move positions Sequans alongside a growing list of publicly listed companies—from healthcare to mining and now semiconductors—that are turning to Bitcoin amid rising inflation, geopolitical instability, and diminishing trust in fiat currencies.
Bitcoin Resilient Despite Macro Headwinds
Bitcoin is currently trading around $101,000, recovering modestly after a weekend dip triggered by U.S. military strikes on Iran. Despite global tensions, the adoption momentum remains steady, bolstered by increased corporate treasury participation.
Sequans’ bold decision to deploy nearly $400 million into BTC reinforces the narrative of Bitcoin as a strategic reserve asset—not just for financial firms, but now also for technology and telecommunications players looking to safeguard and grow value.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.