French semiconductor company Sequans Communications has announced plans to accumulate Bitcoin worth $200 million, significantly increasing its cryptocurrency assets.
Bitcoin Accumulation Program
Sequans Communications has initiated a $200 million share offering to fund its Bitcoin accumulation strategy. The company plans to use these funds prudently to optimize its financial position and increase Bitcoin per share. Sequans CEO Georges Karam stated, 'We intend to use it judiciously to optimize our treasury, increase Bitcoin per share, and deliver long-term value to shareholders.'
Current Positions of the Company
According to BitBo, Sequans currently holds 3,171 Bitcoin valued at approximately $349 million, making it the second-largest corporate Bitcoin treasury in Europe. The largest is German Bitcoin Group SE with 12,387 Bitcoin. Sequans first revealed its intention to use Bitcoin as a core treasury asset on June 23, signaling a growing trend among publicly traded companies.
Bitcoin Market Trends
The number of public companies holding Bitcoin has risen to 174 since the beginning of 2025. Sequans noted that the total amount of proceeds from the share offering will be dependent on market conditions and other factors. At current prices, $200 million could allow the company to acquire an additional 1,814 Bitcoin, bringing its total to almost 5,000 Bitcoin. Recent market trends show a decline in Bitcoin prices, which also facilitates asset accumulation among companies.
Sequans Communications' strategy for accumulating Bitcoin highlights the growing interest of companies in cryptocurrency as a capital preservation mechanism and a long-term investment asset. In the face of changing market conditions, companies continue to seek opportunities for optimizing their financial strategies by leveraging Bitcoin.
