Key Takeaways
Sequans plans to acquire 100,000 Bitcoin by 2030 as part of its long-term treasury strategy.
The company is leveraging equity, debt, and intellectual property monetization to fund ongoing Bitcoin purchases.
Sequans Communications, a Paris-based semiconductor company backed by the French government, announced Thursday its plans to acquire 100,000 Bitcoin by the end of 2030.
The announcement comes after Sequans secured $384 million through debt and equity to start its Bitcoin treasury initiative. The company currently holds 3,171 Bitcoin, ranking it as the 22nd largest publicly traded corporate Bitcoin holder globally, according to BitcoinTreasuries.net.
“Sequans has successfully completed the first phase of its strategy, acquiring over 3,000 BTC in just one month,” said Dr. Georges Karam, CEO of Sequans. “Our next objective is to scale our approach to maximize Bitcoin per share and deliver sustained value to shareholders through disciplined and responsible accumulation, with a target of acquiring 100,000 BTC by 2030.”
Sequans has laid out a phased treasury strategy, with 2025 focused on building its Bitcoin base through public capital raises. In 2026, the company aims to ramp up growth via equity issuance, Bitcoin-backed lending, and possible monetization of its intellectual property portfolio.
The final stage, extending to 2030, will prioritize optimizing the treasury strategy and capital structure through Bitcoin-backed financial instruments, while limiting the use of common equity issuance.
Listed on the NYSE under SQNS, Sequans specializes in 4G/5G cellular technology for the Internet of Things (IoT). Shares of Sequans were down 7% at market close Thursday, according to Yahoo Finance data.