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Bitcoin Magazine
Sequans Closes $384 Million Investment To Launch Bitcoin Treasury Initiative
Sequans Communications, a fabless semiconductor firm focusing on 5G/4G IoT semiconductor expertise, has formally closed a $384 million strategic funding to kick off its Bitcoin treasury initiative. The deal combines $195 million in fairness financing and $189 million in secured convertible debentures, reflecting rising institutional urge for food for Bitcoin.
JUST IN: Publicly traded Sequans raises $384 million to launch their #bitcoin treasury. pic.twitter.com/O4S1gX9oOy— Bitcoin Magazine (@BitcoinMagazine) July 8, 2025
The Offering included the sale of over 139 million American Depositary Shares (ADSs), with further frequent warrants exercisable within 90 days, contributing $195 million in gross proceeds. The $189 million in convertible debentures, due July 7, 2028, had been issued at a 4% low cost and come with further frequent warrants. If all warrants are exercised, Sequans could acquire another $57.6 million, allotted primarily for further Bitcoin purchases.
“With the closing of this financing, we are excited to begin executing our bitcoin treasury strategy,” mentioned 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 technique securely and transparently, Sequans will accomplice with Swan Bitcoin, a main U.S.-based Bitcoin monetary providers agency specializing in custody, liquidity, and institutional technique.
The securities had been supplied via non-public 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 brokers, with Yorkville Securities also taking part. Legal help got here from Lowenstein Sandler LLP (U.S.) and ARCHERS (France) for the firm, and Goodwin Procter LLP for the placement brokers.
This announcement follows Sequans’ June 23 disclosure of its plan to elevate $384 million for a Bitcoin-focused treasury technique. “Our Bitcoin treasury strategy reflects our strong conviction in Bitcoin as a premier asset and a compelling long-term investment,” Karam mentioned last month. That earlier assertion laid the groundwork for right now’s closing.
At the time, Karam also emphasised that the transfer into Bitcoin wouldn’t take away from Sequans’ core enterprise. “We continue to support our customers with a robust 4G and 5G product roadmap,” he mentioned, reinforcing the firm’s ongoing focus on IoT innovation. The Bitcoin technique is designed to run in parallel—including monetary power while Sequans continues constructing next-gen connectivity options.
This put up 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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