Sequans Releases $384M Bitcoin Treasury Effort With Swan Bitcoin Collaboration
The post Sequans Releases $384M Bitcoin Treasury Initiative With Swan Bitcoin Collaboration appeared on BitcoinEthereumNews.com. Sequans Communications, a France-based designer of 5G and IoT semiconductor innovation, has revealed a relocation into Bitcoin with a brand-new treasury effort backed by a $384 million private placement. “Our Bitcoin treasury strategy reflects our strong conviction in Bitcoin as a leading asset and a compelling long-term investment,” stated Georges Karam, CEO of Sequans. To assist its treasury strategy, Sequans is partnering with Swan Bitcoin, a U.S.-based company specializing in Bitcoin custody, institutional liquidity, and investment strategy.
Sequans Communications, a France-based developer of 5G and IoT semiconductor technology, has announced a move into Bitcoin with a new treasury initiative backed by a $384 million private placement. Swan Bitcoin is excited to advise Sequans (NYSE: SQNS) on its Bitcoin accumulation strategy and to manage the execution of their plans. We look forward to sharing more in a few weeks. https://t.co/iPZ3nOEz5r — Cory Klippsten? Swan.com (@coryklippsten) June 23, 2025 The financing consists of $195 million in equity securities and $189 million in convertible secured notes. Sequans plans to allocate this capital toward building a Bitcoin position alongside its core IoT operations. “Our Bitcoin treasury strategy reflects our strong conviction in Bitcoin as a premier asset and a compelling long-term investment,” said Georges Karam, CEO of Sequans. “We believe Bitcoin’s unique characteristics will enhance our financial resilience and provide significant value to our investors.” To support its treasury strategy, Sequans is partnering with Swan Bitcoin, a U.S.-based firm focusing on Bitcoin custody, institutional liquidity, and investment strategy. Swan will help the company navigate the operational and security aspects of Bitcoin acquisition and storage. Throughout the new initiative, Karam emphasized that Sequans remains committed to its primary mission. “We continue to support our customers with a robust 4G and 5G product roadmap, delivering innovative solutions to meet evolving IoT application needs and ensuring a seamless transition from 4G to 5G,” he said. Sequans will issue over 1.39 billion common shares and warrants in the equity offering and additional warrants tied to the debt placement. The offering is expected to close by July 1, pending investor approval at a June 30 meeting. Placement agents include Northland Capital Markets, B. Riley Securities, and Yorkville Securities. Legal counsel includes Lowenstein Sandler LLP (U.S.) and ARCHERS (France) for Sequans, and Goodwin Procter LLP for the representatives. The move aligns Sequans with a growing trend of public companies leveraging Bitcoin as a treasury asset– a strategy popularized by firms like MicroStrategy and Tesla. Sequans currently holds a market cap of around $40 million. Its shares dropped 12% to $1.62 in Monday trading following the announcement. Source: Bitcoin Magazine Swan Bitcoin is excited to advise Sequans (NYSE: SQNS) on its Bitcoin accumulation strategy and to manage the execution of our plans. “Our Bitcoin treasury strategy reflects our strong conviction in Bitcoin as a premier asset and a compelling long-term investment,” said Georges Karam, CEO of Sequans. To support its treasury strategy, Sequans is partnering with Swan Bitcoin, a U.S.-based company specializing in Bitcoin custody, institutional liquidity, and investment strategy.
