Another Company Joins the Bitcoin Treasury Trend with $384M Funding Plan
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Semiconductor firm Sequans Communications is diving into Bitcoin with an ambitious $384 million fundraising campaign aimed at building a corporate crypto reserve.
The company is issuing new equity and convertible debt, signaling a major pivot toward digital asset exposure amid growing interest in Bitcoin as a strategic financial hedge.
Partnering with Swan Bitcoin for treasury management, Sequans plans to convert a portion of the raised capital into BTC, reflecting what CEO Georges Karam describes as “long-term conviction” in the asset’s strength. The deal involves $195 million in equity issuance and $189 million in convertible debentures.
The move places Sequans alongside a fast-expanding list of firms stockpiling Bitcoin. Recent announcements from Metaplanet and Nakamoto Holdings — both expanding their BTC holdings — show a rising trend of corporate treasuries turning to digital currency in uncertain markets.
According to BitcoinTreasuries.NET, nearly 240 companies now hold Bitcoin on their books, accounting for roughly 4% of its total supply.
Still, not all major players are ready to take the leap. Tech giants like Amazon, Meta, and Microsoft continue to abstain, citing crypto’s regulatory haze and volatility. Even so, Strategy (formerly MicroStrategy) remains the largest public BTC holder, with over 592,000 coins acquired largely through convertible debt — a model Sequans now appears to be emulating.
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