Semiconductor giant Sequans ditches cash for Bitcoin in $384m treasury overhaul
2025-07-08 14:16:13
Main Idea
Sequans Communications is reallocating $384 million in newly raised capital into Bitcoin, citing its unique properties as a strategic hedge, marking one of the most aggressive corporate moves towards Bitcoin adoption.
Key Points
1. Sequans Communications raised $384 million through a private placement, with $195 million in equity and $189 million in convertible debt, to be primarily invested in Bitcoin.
2. The company's CEO, Georges Karam, described the move as a long-term hedge, emphasizing Bitcoin's unique properties as the reason for the strategic shift.
3. The investment marks one of the most significant corporate pivots to Bitcoin since MicroStrategy began the trend in 2020.
4. The funds will be used to acquire Bitcoin, handle custody, and execution, with potential additional capital from warrants exercisable within 90 days.
5. Sequans' NYSE listing is at risk due to its market cap falling below $50 million, but the announcement caused a 60% pre-market trading surge in its shares.
Description
Sequans Communications is swapping traditional reserves for Bitcoin, funneling $384 million in newly raised capital into BTC. The company’s CEO cites Bitcoin’s “unique properties” as the driving force behind the strategic shift. On July 8, France-based Sequans Communications announced the close of a $384 million private placement, with over 40 institutional investors backing its bold pivot toward a Bitcoin ( BTC )-dominated treasury. The raise, comprising $195 million in equity and $189 million ...
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