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NYSE-Listed Semiconductor Firm Sequans Plans $200M Raise to Buy Bitcoin

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French chipmaker Sequans Communications has unveiled plans to lift as much as $200 million by an at-the-market fairness program, with proceeds set to increase its rising Bitcoin treasury.

Key Takeaways:

  • Sequans plans to lift as much as $200M by way of ADS gross sales to increase its Bitcoin treasury.
  • The agency presently holds 3,171 BTC and goals to succeed in 100,000 BTC by 2030.
  • The transfer comes as company Bitcoin adoption grows, with 174 public corporations now holding BTC.

The corporate, listed on the New York Inventory Change underneath the ticker SQNS, said Monday that the initiative is a part of its long-term aim to build up 100,000 BTC by 2030.

Sequans to Promote American Depositary Shares for Bitcoin Buy

The Paris-based semiconductor agency, greatest recognized for its 4G and 5G chips, will promote American Depositary Shares at its discretion, relying on market situations.

“We intend to make use of it judiciously to optimize our treasury, enhance Bitcoin per share, and ship long-term worth to shareholders,” CEO Georges Karam stated within the SEC submitting.

Sequans disclosed its Bitcoin technique in June, becoming a member of a wave of public firms which have adopted BTC as a treasury reserve asset.

In line with BitBo information, the corporate presently holds 3,171 BTC, value round $349 million, making it Europe’s second-largest company Bitcoin holder after Germany’s Bitcoin Group SE, which owns 12,387 BTC.

At present costs, the brand new increase might purchase roughly 1,814 BTC, boosting Sequans’ holdings shut to five,000 BTC, on par with Semler Scientific.

The announcement comes as company Bitcoin adoption continues to increase globally. The variety of public corporations with BTC on their steadiness sheets has climbed to 174 this yr, up from fewer than 100 in early 2025.

Technique stays the biggest holder with 632,457 BTC, whereas Japan’s Metaplanet and others have added smaller quantities in current months.

Sequans’ transfer arrives towards a risky market backdrop. Bitcoin is buying and selling at $110,045, down greater than 11% from its mid-August all-time excessive of $124,517.

Shares of Sequans closed Monday at $0.96, down 6.8% in the course of the day earlier than edging barely greater in after-hours buying and selling.

In the meantime, rival treasury methods are gaining traction in Ether. Companies such as BitMine Immersion Technologies, SharpLink, and The Ether Machine collectively maintain billions in ETH, contributing to the token’s 198% surge since April.

Galaxy, Soar, and Multicoin Plan $1B Solana Treasury Wager

As reported, Galaxy Digital, Soar Crypto, and Multicoin Capital are in talks to raise around $1 billion to build the largest Solana treasury to this point.

Bloomberg reported that Cantor Fitzgerald has been tapped because the lead banker, with the Solana Basis backing the deal, which might shut in early September.

The plan includes taking on a publicly traded firm and changing it right into a digital asset treasury car devoted to Solana.

Likewise, Pantera Capital is making ready to raise as much as $1.25 billion to rework a Nasdaq-listed firm into “Solana Co.,” a public car constructed to build up Solana (SOL) as a treasury asset

The plan reportedly includes an preliminary $500 million increase, adopted by $750 million by warrants.

If accomplished, it will mark one of many largest devoted efforts to create a public Solana treasury car.

The transfer follows Pantera’s disclosure earlier this month that it has already deployed about $300 million into digital asset treasury (DAT) corporations.

The put up NYSE-Listed Semiconductor Firm Sequans Plans $200M Raise to Buy Bitcoin appeared first on Cryptonews.

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