Sequans Communications S.A. announced on June 23, 2025, its plan to establish a Bitcoin treasury initiative, marking a strategic expansion alongside its core semiconductor cellular IoT business. The company agreed to issue and sell approximately $195 million in equity securities and $189 million in convertible secured debentures.
This financing totals approximately $384 million in gross proceeds, which will be used to purchase Bitcoin. Sequans expressed strong conviction in Bitcoin as a premier asset and a compelling long-term investment to enhance financial resilience and deliver shareholder value.
The offering was expected to close around July 1, 2025, subject to shareholder approval on June 30, 2025. Sequans also announced an anticipated partnership with Swan Bitcoin for treasury management solutions, while reaffirming its commitment to its core IoT product roadmap.
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