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Sequans Closes $384 Million Investment To Launch Bitcoin Treasury Initiative

Bitcoin Magazine

Sequans Closes $384 Million Investment To Launch Bitcoin Treasury Initiative

Sequans Communications, a fabless semiconductor company focusing on 5G/4G IoT semiconductor technology, has officially closed a $384 million strategic investment to kick off its Bitcoin treasury initiative. The deal combines $195 million in equity financing and $189 million in secured convertible debentures, reflecting growing institutional appetite for Bitcoin.

The Offering included the sale of over 139 million American Depositary Shares (ADSs), with additional common warrants exercisable within 90 days, contributing $195 million in gross proceeds. The $189 million in convertible debentures, due July 7, 2028, were issued at a 4% discount and come with further common warrants. If all warrants are exercised, Sequans could gain another $57.6 million, allocated primarily for additional Bitcoin purchases. 

“With the closing of this financing, we are excited to begin executing our bitcoin treasury strategy,” said Georges Karam, CEO of Sequans. “We believe Bitcoin’s unique properties will enhance our financial resilience and create long-term value for our shareholders. Our intention is to continue acquiring Bitcoin in the future, using excess cash generated from our core business operations and additional proceeds.” 

To implement this strategy securely and transparently, Sequans will partner with Swan Bitcoin, a leading U.S.-based Bitcoin financial services firm specializing in custody, liquidity, and institutional strategy. 

The securities were offered via private placement and have not been registered under the U.S. Securities Act of 1933. Northland Capital Markets and B. Riley Securities acted as joint lead placement agents, with Yorkville Securities also participating. Legal support came from Lowenstein Sandler LLP (U.S.) and ARCHERS (France) for the company, and Goodwin Procter LLP for the placement agents. 

This announcement follows Sequans’ June 23 disclosure of its plan to raise $384 million for a Bitcoin-focused treasury strategy. “Our Bitcoin treasury strategy reflects our strong conviction in Bitcoin as a premier asset and a compelling long-term investment,” Karam said last month. That earlier statement laid the groundwork for today’s closing. 

At the time, Karam also emphasized that the move into Bitcoin wouldn’t take away from Sequans’ core business. “We continue to support our customers with a robust 4G and 5G product roadmap,” he said, reinforcing the company’s ongoing focus on IoT innovation. The Bitcoin strategy is designed to run in parallel—adding financial strength while Sequans continues building next-gen connectivity solutions.

This post Sequans Closes $384 Million Investment To Launch Bitcoin Treasury Initiative first appeared on Bitcoin Magazine and is written by Jenna Montgomery.


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