Semiconductor Firm Sequans Announces $384M Bitcoin Treasury Initiative
Sequans Communications, a leading developer of IoT semiconductors, has unveiled plans to raise $384 million to establish a Bitcoin treasury. This strategic move reflects the growing corporate adoption of Bitcoin (BTC) as a reserve asset. The capital raise will comprise $195 million in equity and $189 million in convertible debentures, with Swan Bitcoin serving as the treasury management partner.
The Rising Corporate Trend of Bitcoin Treasuries
Sequans joins a wave of corporations allocating portions of their reserves to Bitcoin. Nakamoto Holdings recently secured $51.5 million to expand its BTC holdings, while Metaplanet added 1,111 BTC to its treasury. Data from BitcoinTreasuries.NET shows 240 companies now hold Bitcoin, collectively controlling 4% of the total supply – a near doubling from recent figures.
Executive Perspectives on Bitcoin Adoption
Georges Karam, CEO of Sequans, stated: “Our Bitcoin treasury strategy demonstrates our conviction in BTC as a premier long-term asset.” Adam Back, Blockstream CEO, observed this trend is creating a new dynamic in crypto markets. However, some tech giants including Amazon, Meta, and Microsoft remain cautious, citing Bitcoin’s volatility and regulatory uncertainties.
Balancing Opportunity and Risk
While corporate Bitcoin treasuries gain momentum, they present unique considerations. Traditional treasury management prioritizes capital preservation, whereas Bitcoin allocations introduce market exposure. Michael Saylor’s MicroStrategy continues to lead corporate holdings with 592,345 BTC (approximately $60.2 billion at current valuations).
