Sequans Bitcoin treasury is an aggressive corporate treasury strategy by French chipmaker Sequans to accumulate 100,000 Bitcoin by 2030, using a $200 million at-the-market equity offering to buy additional BTC and increase Bitcoin per share for long-term shareholder value.
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Sequans plans to use a $200M equity program to fund Bitcoin accumulation.
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Sequans currently holds 3,171 BTC and targets 100,000 BTC by 2030.
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At current prices, $200M could add ~1,814 BTC, nearly bringing Sequans to ~5,000 BTC total.
Sequans Bitcoin treasury: French chipmaker targets 100,000 Bitcoin by 2030 using a $200M equity offering — read how the plan affects corporate BTC adoption and markets.
What is Sequans’ Bitcoin treasury strategy?
Sequans Bitcoin treasury is a corporate plan to hold Bitcoin as a core treasury asset, using market-driven equity issuance to fund purchases. Sequans filed for a $200 million at-the-market (ATM) equity offering to convert proceeds into Bitcoin and accelerate its target of 100,000 BTC by 2030.
How will the $200M at-the-market equity offering work?
The program lets Sequans issue American Depositary Shares (ADS) on U.S. exchanges at management’s discretion. Net proceeds are designated primarily to continue accumulating Bitcoin, with timing and volume determined by market conditions to optimize treasury and shareholder value.
How many Bitcoin does Sequans hold now and what could change?
Sequans currently reports holding 3,171 Bitcoin on its balance sheet, worth approximately $349 million. If Sequans fully deploys the $200M offering into Bitcoin at current prices, the company could add roughly 1,814 BTC, pushing its total close to 5,000 BTC.
How does Sequans compare with other corporate Bitcoin treasuries?
Corporate Bitcoin holdings vary widely, with a small number of companies holding very large positions. Europe’s Bitcoin Group SE holds larger reserves; the wider list of corporate holders has grown to 174 companies this year.
| Company | Primary crypto | Holdings (BTC/ETH) | Approx. value |
|---|---|---|---|
| Sequans | Bitcoin | 3,171 BTC | ~$349M |
| Bitcoin Group SE | Bitcoin | 12,387 BTC | — |
| Strategy (largest holder) | Bitcoin | 632,457 BTC | — |
| BitMine Immersion Technologies | Ether | — | $7.5B in ETH |
Why are companies building crypto treasuries now?
Companies cite inflation hedging and long-term store-of-value goals for adopting crypto in treasury. Public filings, market trends, and corporate statements show an increasing preference for crypto allocation as part of diversified treasury management.
When did Sequans first disclose its Bitcoin plan?
Sequans announced Bitcoin as a core treasury asset on June 23 and subsequently filed for the ATM equity program to support accumulation toward its 100,000 BTC goal by 2030.
Frequently Asked Questions
How much could $200M buy Sequans in Bitcoin?
$200 million could purchase roughly 1,814 BTC at current market prices, bringing Sequans’ total holdings close to 5,000 BTC if fully deployed into Bitcoin.
Is Sequans the largest European corporate Bitcoin holder?
No. Sequans is currently Europe’s second-largest public corporate Bitcoin holder after Bitcoin Group SE, which holds a larger BTC position.
Key Takeaways
- Strategic shift: Sequans is using equity issuance to accelerate crypto accumulation and embed Bitcoin into treasury policy.
- Material impact: The $200M program could add about 1,814 BTC, markedly increasing Bitcoin per share.
- Market context: Corporate crypto treasuries are expanding, with 174 public companies now holding Bitcoin and a rising number of Ether treasury adopters.
Conclusion
Sequans Bitcoin treasury marks a notable move by a semiconductor firm to adopt crypto as a core treasury asset. With an ATM equity filing for $200 million and a public target of 100,000 BTC by 2030, Sequans joins a broader corporate trend toward crypto holdings. Monitor filings and market conditions for execution updates and portfolio impact.
Published: 2025-08-26 • Updated: 2025-08-26 • Author: COINOTAG
