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Make Money Online 5G Chipmaker Sequans Joins the Bitcoin Treasury Strategy Rush
Make Money Online Shares of the Paris-based company are higher by 14% in premarket New York action.
Jun 23, 2025, 12:21 p.m.
Telecommunication company Sequans (NYSE:SQNS) has announced that it will raise $384 million to launch a bitcoin treasury, according to a press release.
The company has agreed to issue and sell $195 million in equity securities and $189 million in convertible secured debentures.
“Our bitcoin treasury strategy reflects our strong conviction in bitcoin as a premier asset and a compelling long-term investment,” said Georges Karam, CEO of Sequans.
Sequans selected U.S.-based bitcoin-only financial services firm Swan Bitcoin as a partner to assist with its treasury strategy.
SQNS shares are up 14% in pre-market trading, changing hands at $2.21 per share.
The decision to adopt a bitcoin treasury follows in the footsteps of several publicly-listed companies of late, with healthcare, mining and media companies all acquiring bitcoin in recent weeks.
Bitcoin is currently trading at about $101,000, modestly bouncing from its panicky decline over the weekend following the U.S. strikes against Iran.
Oliver Knight
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
