Paul Johnson Paris-based IoT chipmaker Sequans Communications (NYSE: SQNS) is making waves far beyond semiconductors—rolling out a $200 million equity program aimed at building a Bitcoin-heavy corporate treasury.
The company announced the launch of its ‘at the market’ (ATM) equity offering on August 25, 2025, after filing a prospectus with the U.S. Securities and Exchange Commission (SEC). The program allows Sequans to issue and sell up to $200 million worth of American Depositary Shares (ADS), each representing ten ordinary shares, depending on market conditions.
CEO Dr. Georges Karam emphasized that the initiative is tightly linked to the company’s ambitious Bitcoin strategy. “This program is being implemented as a tool to support the first phase of establishing our treasury foundation,” Karam said. “We intend to use it judiciously to optimize our treasury, increase Bitcoin per share, and deliver long-term value to shareholders.”
The net proceeds from the equity offering will primarily go toward accumulating Bitcoin, reinforcing Sequans’ position as one of the few global tech firms boldly adopting BTC as its main treasury reserve asset.
Founded in 2003, Sequans specializes in advanced 4G and 5G chips for Internet of Things (IoT) devices, with operations spanning the U.S., U.K., Switzerland, Israel, Singapore, Finland, Taiwan, and China. But this move signals a major pivot: positioning itself not only as an IoT innovator but also as a corporate pioneer in Bitcoin integration.
What You Need To Know?
At The Market (ATM): Enables flexible share sales at market prices, giving Sequans liquidity to fund its Bitcoin accumulation.
Bitcoin Treasury Strategy: Proceeds will go directly into BTC holdings—similar to playbooks seen at MicroStrategy and other Bitcoin-forward companies.
CEO Vision: Focused on boosting ‘Bitcoin per share,’ highlighting BTC as a long-term value driver for investors.
Corporate Firsts: Sequans positions itself as one of the earliest semiconductor/IoT companies to adopt Bitcoin as a primary reserve asset.
Global Footprint, Crypto Pivot: From Paris to Silicon Valley, Sequans is signaling to tech peers that treasury diversification with Bitcoin isn’t just for software companies.
This equity raise not only strengthens Sequans’ balance sheet but also plants the company firmly in the camp of corporates betting big on Bitcoin as a hedge against fiat dilution. With $200 million potentially flowing into BTC, investors and crypto markets alike will be watching closely to see how Sequans’ bold strategy plays out.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.
