Sequans Communications, a fabless semiconductor company specializing in 5G IoT semiconductor technology, has officially closed a $384 million strategic investment to launch its Bitcoin treasury initiative.

The deal combines $195 million in equity financing and $189 million in secured convertible debentures, reflecting growing institutional appetite for Bitcoin.

The Offering included the sale of over 139 million American Depositary Shares (ADSs), along with additional common warrants exercisable within 90 days, which contributed $195 million in gross proceeds. The $189 million in convertible debentures, due July 7, 2028, were issued at a 4% discount and include additional common warrants.

If it exercises all warrants, Sequans could gain another $57.6 million, allocated primarily for additional Bitcoin purchases.

A Strategic Shift Toward Digital Sound Money.

Sequans CEO Georges Karam said the move reflects growing global confidence in Bitcoin as a long-term store of value and hedge against inflation. “In an era of monetary uncertainty and weakening fiat currencies, Bitcoin offers the most secure, decentralized, and globally recognized digital alternative to traditional reserves.

Moreover, to implement this strategy securely and transparently, Sequans will partner with Swan Bitcoin, a leading U.S.-based Bitcoin financial services firm specializing in custody, liquidity, and institutional strategy.

Sequans Join a Global Trend.

Sequans joins a growing list of publicly traded companies, such as MicroStrategy, Tesla, and Block Inc., that have adopted Bitcoin as a treasury reserve. MicroStrategy alone holds over 300,000 BTC as of mid-2025, a strategy that has dramatically impacted its valuation and sparked debate across financial circles.

Analysts note that the company’s move may signal a broader trend among mid-cap tech firms seeking to diversify treasury holdings amid persistent inflation concerns and de-dollarization pressures in global markets. Following the announcement, their shares jumped 18% in pre-market trading, and Bitcoin saw a 4.3% price increase, briefly crossing the $78,000 mark.

Furthermore, investors and crypto enthusiasts hailed the move as a sign of deepening institutional confidence in the asset class.

Their decision reinforces the narrative that Bitcoin is becoming the new digital standard for corporate reserves,” said Maya Caldwell, head of digital assets research at LedgerBridge Capital.

Georges Karam, CEO of Sequans, said, “We continue to support our customers with a robust 4G and 5G product roadmap, reinforcing the company’s ongoing focus on IoT innovation—the Bitcoin strategy runs in parallel, adding financial strength while building next-gen connectivity solutions continue.