- Sequans Communications (SQNS, Financial) initiates bitcoin treasury program with an initial acquisition of 370 BTC.
- The company aims to expand its bitcoin holdings to over 3,000 BTC in the coming weeks.
- Coinbase Prime selected as custodian for secure digital asset management.
Sequans Communications S.A. (SQNS), a leader in cellular IoT semiconductor technology, has launched a bitcoin treasury program with an initial acquisition of 370 bitcoin (BTC). This strategic move signals Sequans' confidence in bitcoin as a long-term store of value for its shareholders. The acquisition was funded from the company's recent offering of ordinary shares and convertible debentures, which closed on July 7, 2025.
Sequans plans to increase its bitcoin reserves to over 3,000 BTC in the coming weeks. To ensure secure and efficient management of these digital assets, Sequans has partnered with Coinbase (NASDAQ: COIN), utilizing Coinbase Prime's institutional-grade custody and prime brokerage platform.
"We are excited to begin executing our strategic plan to accumulate over 3,000 BTC," commented Georges Karam, CEO of Sequans. "This initiative underscores our commitment to preserving value for our shareholders by investing in bitcoin."
Ryan Ballantyne, Head of Coinbase's Corporate Treasury Strategy, emphasized the importance of providing a transparent and scalable platform for digital asset management. "Coinbase Prime is proud to support Sequans' strategic treasury framework, ensuring secure and compliant operations as they expand into the onchain economy."
Founded in 2003, Sequans Communications continues to innovate in the semiconductor industry, focusing on IoT applications such as smart cities and e-health. Their latest Bitcoin treasury initiative aligns with their long-term financial strategy to leverage digital assets for value creation.
