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Sequans Communications (NYSE: SQNS) has made a bold move into the crypto space with the purchase of 370 bitcoin, launching its official bitcoin treasury strategy. The acquisition was funded using a portion of proceeds from the company’s recent offering of ordinary shares & convertible debentures, which closed on July 7, 2025. This marks a significant step in Sequans’ commitment to digital assets.
CEO Georges Karam announced plans to accumulate over 3,000 BTC in the coming weeks, calling bitcoin a strong long-term store of value for shareholders. He emphasized that this initiative is part of Sequans’ broader strategic vision to diversify assets & align with emerging financial technologies.
To support its crypto initiative, Sequans selected Coinbase (NASDAQ: COIN) as its custodian, utilizing Coinbase Prime for secure, institutional-grade custody & deep liquidity. Ryan Ballantyne, Head of Coinbase’s Corporate Treasury Strategy, praised Sequans’ trust in Coinbase, highlighting the need for transparent, efficient & regulated platforms as institutions move further into the onchain economy.
