Chip company’s stock jumps 43% after aggressive new strategy originally appeared on TheStreet.
Sequans Communications, a global leader in 5G and 4G internet-of-things (IOT), has successfully implemented a Bitcoin-focused treasury strategy, attracting $384 million through a combination of equity and debt offerings.
Backing the move are more than 40 institutional investors, representing a significant turning point for the company in becoming another corporate name to join the list of companies and corporations embracing Bitcoin as a reserve asset.
CEO Georges Karam confirmed the company plans to start purchasing Bitcoin right away, noting that Bitcoin's scarcity and lack of a centralized authority could help Sequans's financial resiliency and long-term value to its shareholders.
He also stated that the company will continue to buy more Bitcoin, utilizing cash flows from its core business as well as new capital raises.
Join the discussion with Benjamin Cowen on Roundtable here.
There were over 139 million American Depository Shares (ADSs) and secured convertible debentures maturing in 2028 sold in this fundraising, plus common warrants at $1.40 per ADS, which could yield an additional $57.6 million if exercised in full. The proceeds will be used to purchase Bitcoin and meet governance requirements as specified in the offering.
Sequans is partnering with Swan Bitcoin, a prominent institutional Bitcoin service, to provide execution and custody security. This is similar to MicroStrategy and Japan's Metaplanet using Bitcoin as a hedge against increasing sovereign debt and inflation.
After the announcement, Sequans' stock (SQNS) climbed over 43% in 24 hours, peaking at $1.81 pre-market. By contrast, Bitcoin traded around $109,100.95, up 1.13% according to Kraken's price feeds. However, SQNS has seen a 43.75% decline in the year-to-date period.
Chip company’s stock jumps 43% after aggressive new strategy first appeared on TheStreet on Jul 8, 2025
This story was originally reported by TheStreet on Jul 8, 2025, where it first appeared.
