As of June 23, 2025, Bitcoin's price was around $92,000, reflecting a 3.2% increase in the past 24 hours, indicating a favorable market environment for cryptocurrencies.

To implement this initiative, Sequans will partner with Swan Bitcoin, a U.S.-based financial services firm specializing in bitcoin treasury management.

The company plans to raise approximately $384 million through private placements, which include $195 million in equity securities and $189 million in convertible secured debentures.

The private placements involve the sale of 1,392,857,140 ordinary shares and additional common warrants, with an expected closing date around July 1, 2025, pending shareholder approval on June 30, 2025.

Following the announcement, Sequans' shares surged by 12.5% shortly after the news broke, reaching $0.90 per share, and later rose by 14% in pre-market trading to $2.21.

The correlation between Sequans' stock and Bitcoin has tightened, with a correlation coefficient of 0.85 observed, indicating synchronized price movements between the two markets.

In the wake of Sequans' announcement, trading volume for Bitcoin surged, with over $1.2 billion in BTC/USD trades reported on Binance within a two-hour window, signaling heightened interest from both retail and institutional investors.

This move to adopt a bitcoin treasury aligns with a growing trend among publicly-listed companies across various sectors, such as healthcare and media, that have recently incorporated bitcoin as a strategic investment.

The private placement offering includes the sale of ordinary shares and common warrants, with a combined purchase price set at $1.40 per American Depositary Share (ADS).

Sequans Communications S.A. has announced a strategic investment initiative to establish a bitcoin treasury, marking a significant expansion of its core semiconductor business focused on 5G and 4G IoT technologies.

CEO Georges Karam emphasized that this bitcoin treasury strategy reflects the company's strong belief in bitcoin as a valuable long-term investment that can enhance financial resilience and deliver value to shareholders.