- Sequans acquired 683 BTC for ~$79 million, bringing its total holdings to 1,053 BTC at an average price of $113,893.
- The company raised $389 million through equity and debt to fund its Bitcoin treasury strategy, launched in June 2025.
- Sequans partnered with Swan Bitcoin and plans to use BitGo, Coinbase Trust, and Fidelity Digital Assets for distributed custody.
Parisienne semiconductor giant Sequans (NYSE: SQNS) has officially entered the institutional Bitcoin treasury game with a major purchase of $BTC. Just today, the firm announced a 683 BTC purchase for a cost of ~$79 million.
Sequans now holds a total of 1053 BTC acquired for around $120 million at an average price of $113,893 per bitcoin. Shortly after starting its Bitcoin strategy in June, the French firm broke into the top-30 corporate Bitcoin treasuries.
The company kickstarted its Bitcoin foray this month, aiming to adopt the digital asset as its primary treasury reserve asset. Now, Sequans plans to use proceeds from equity and debt financing, as well as cash flows, to strategically increase its Bitcoin holdings.
Moreover, the company added to its Bitcoin Treasury advisory team three top executives from ‘Swan Bitcoin’, a Bitcoin-only financial services firm known for its institutional-grade custody and long-term accumulation strategies.
According to its official Bitcoin Treasury Initiative filing, the company intends to deploy a multi-layered Bitcoin strategy centered on security, transparency, and long-term accumulation.
The document outlines a phased custody approach using a distributed model across three premier institutional partners: BitGo, Coinbase Trust Company, and Fidelity Digital Assets.
Its accumulation plan involves securing investments via PIPE equities and convertible notes. So far, Sequans has raised $389 million, which it intends to deploy toward strategic Bitcoin acquisitions, custody infrastructure, and treasury operations.
Overall, this positions the French firm for a long-term accumulation strategy, hinting at futural capital raises to allocate more Bitcoin.
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