- Sequans raises $384M to launch Bitcoin treasury initiative.
- Partners with Swan Bitcoin for treasury strategy and oversight.
- Move aims to restore NYSE compliance and investor confidence.
Sequans Communications, a global leader in 4G and 5G IoT semiconductor technology, has announced a major strategic move. The company plans to establish a Bitcoin treasury, expanding beyond its traditional business. This move represents a trend that is seen among the tech companies, depicting the attitude that they see Bitcoin as a long-term store of value.
Sequans Partners with Swan Bitcoin for Treasury Oversight
With this initiative, Sequans will procure funds of around 384 million dollars in terms of private placement. It will raise approximately 195 and 189 million dollars in form of equity securities and convertible secured debentures, respectively. This money will facilitate the transition of the company into the world of digital assets, which will also assist it in improving its financial state.
CEO Georges Karam noted that the Bitcoin treasury strategy is a manifestation of the company having a strong belief in Bitcoin as a leading asset and an exciting long-term investment. He further said that the firm harbors the view that Bitcoin can increase financial resilience and value to shareholders.
To have an effective management of the Bitcoin holdings, Sequans will collaborate with Swan Bitcoin, which is a reputable company that offers Bitcoin treasury services to establishments. This alliance should help the company to make a new digital asset strategy and provide oversight and adherence as well.
Sequans will still be sticking with its initial business in spite of this underground step. Karam assured that the company will further give its customers innovative 4G and 5G IoT solutions. It is aimed at guaranteeing clients an efficient transition between 4G and 5G alongside the provision of highly technical connectivity solutions.
The company announced this move as many firms adopt Bitcoin treasury tactics. Most notably, Parataxis Holdings recently bought Bridge Biotherapeutics, a South Korean biotech company, as a way of establishing a platform that focuses on Bitcoin. On the same note, other corporations such as Metaplanet, Know Labs, and Strategy (formerly MicroStrategy) have also decided to switch to using Bitcoin as a reserve asset.
Sequans Sees Bitcoin Treasury as Path to Financial Stability
Meanwhile, Sequans is also dealing with listing issues on the New York Stock Exchange (NYSE). On June 5, 2025, Sequans received a non-compliance notice from the New York Stock Exchange. This happened because the company’s average market capitalization and stockholders’ equity fell below the \$50 million threshold over a 30-day period. As a result, it violated Section 802.01B of the NYSE Listed Company Manual. Consequently, Sequans must now take corrective actions to regain compliance and maintain its listing. This initiated a form of reprimand against Section 802.01B of the NYSE Listed Company Manual.
In this regard, Sequans is optimistic that this capital would help it meet the requirements of listing on the NYSE once again. The Offering is subject to closing on or about July 1, 2025, upon shareholder approval of the company on June 30, 2025 and other usual conditions.
Finally, Sequans is taking another step toward accepting a Bitcoin treasury, and they are not doing it solely to diversify but also as an opportunity to regain financial stability. When effective, it can be used to rediscover investor confidence and enable the company to gain some ground in the New York stock exchange.
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