Sequans Communications (NYSE: SQNS) has officially entered the cryptocurrency space with the purchase of 370 bitcoin, marking the beginning of its corporate bitcoin treasury strategy. This bold move positions Sequans as one of the first semiconductor companies to adopt Bitcoin as a strategic asset.
The acquisition was funded through proceeds from the company’s recent offering of ordinary shares and convertible debentures, which closed on July 7, 2025. With this initiative, Sequans signals its commitment to embracing digital assets as part of its broader financial and technological roadmap.
Sequans Plans to Accumulate Over 3,000 BTC
CEO Georges Karam announced that the 370 BTC purchase is just the first step. Sequans intends to accumulate more than 3,000 bitcoin in the coming weeks, reinforcing its belief in Bitcoin as a long-term store of value.
“We see Bitcoin as a strategic asset with strong long-term value potential for our shareholders,” said Karam. “This move is part of our broader strategy to diversify our assets and align with the future of financial technology.”
This decision reflects a growing trend among tech-forward companies seeking alternative stores of value amid macroeconomic uncertainty. By incorporating bitcoin into its treasury, Sequans aims to strengthen its financial position and stay ahead in a rapidly evolving economic landscape.
Coinbase Selected as Custodian for Secure Crypto Storage
To ensure the secure custody and management of its bitcoin holdings, Sequans has partnered with Coinbase (NASDAQ: COIN), selecting Coinbase Prime as its institutional-grade custodian.
Ryan Ballantyne, Head of Corporate Treasury Strategy at Coinbase, commented on the partnership:
“Sequans’ trust in Coinbase reflects the increasing need for secure, transparent, and compliant infrastructure as more institutions enter the crypto space. We’re proud to support their forward-thinking treasury strategy.”
Coinbase Prime provides Sequans with access to secure cold storage, deep liquidity, and a regulated trading environment—critical features for companies managing digital assets at scale.
Conclusion
Sequans’ strategic move into Bitcoin represents a significant shift in how tech companies manage capital and prepare for the future. With a target of 3,000+ BTC and a trusted custody partner in Coinbase, Sequans is positioning itself as a forward-looking innovator not just in IoT and 5G, but now in digital finance as well.