Sequans Communications S.A. announced on July 10, 2025, the acquisition of 370 bitcoin as part of its newly launched Bitcoin treasury strategy. This initial purchase was funded using a portion of the net proceeds from the company's recent offering of ordinary shares and convertible debentures, which closed on July 7, 2025.
Georges Karam, CEO of Sequans, stated that the company plans to accumulate over 3,000 BTC in the coming weeks, reflecting confidence in Bitcoin as a long-term store of value for shareholders. Coinbase has been selected as the custodian for this initiative, leveraging its Prime platform.
This move signifies a concrete step in Sequans' strategic expansion into digital assets, aiming to enhance financial resilience. The company's core cellular IoT semiconductor business continues alongside this new treasury approach.
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