Sequans Communications S.A. (NYSE: SQNS), a leader in cellular IoT semiconductors and an early corporate adopter of Bitcoin, has unveiled a new “at the market” (ATM) equity offering program. The initiative allows the company to sell American Depositary Shares, each representing ten ordinary shares, for up to $200 million. A prospectus has been filed with the U.S. Securities and Exchange Commission under the company’s shelf registration statement.

CEO Dr. Georges Karam emphasized that the ATM program is directly tied to Sequans’ Bitcoin-focused treasury strategy. “This program is a tool to strengthen our treasury foundation. We plan to use it carefully to optimize reserves, increase Bitcoin per share, and enhance long-term value for shareholders,” Karam said.

The timing and size of any share sales will depend on market conditions. Proceeds from the offering are expected to go primarily toward accumulating more Bitcoin, reinforcing Sequans’ position as one of the first technology firms to formally integrate crypto into its balance sheet.

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