The French Semiconductor Company Sequans Communications filed a $ 200 million and-the-market equity offering Monday to fuel the Bitcoin Treasury approach-with a longer goal to gather 100,000 Bitcoin by 2030.
The program will allow 4G and 5G chipmaker to issue American shares-sharing dollars dollars by a foreign company that exchanged US stock exchanges-at its discretion, this Says At a filing with the Securities and Exchange Commission on Monday.
“We aim to use it fairly to optimize our Treasury, increase Bitcoin per part, and deliver long-term value to shareholders,” CEO of Sequuans Georges Karam Says In a statement.
Treasury of Bitcoin of Bitbo Data Paris -based company is shown currently holding 3,171 Bitcoin (Btc) costs $ 349 million in its balance, making it Europe’s second largest corporate Bitcoin Treasury after Germany’s Bitcoin Group, owned 12,387 BTC.
Sequuans first announced its plan to use The Bitcoin as a major treasury owner On June 23, participating in a growing pace of companies that have been publicly exchanged with cryptocurrency as an inflation hedge and Store value. Previously said it was Striving to assemble 100,000 Bitcoin by 2030.
The number of public companies holding Bitcoin rose to 174, from fewer than 100 at the beginning of 2025.
Sequuans may not achieve 5,000 bitcoin with proceeds
The Semiconductor Company The timing and quantity of any sales of sharing under the equity program will be at the company’s decision, which is determined by market conditions and other factors.
Net revenues from the offer are expected to be “primarily used to continue to accumulate bitcoin aligned with the company’s ark approach,” Sequuks said.
In current market prices, $ 200 million can buy the next 1,814 BTC, which brings Bitcoin’s total stash to nearly 5,000 BTC – almost the same amount of what the semler scientific is currently holding.
Sequuans closed Monday of trading at $ 0.96, down 6.8% on the day of trade. This is from 0.41% in the after -time trade.
Bitcoin treasury companies buy sinking
The $ 200 million offers of equity came amid a bitcoin pullback to $ 110,045, 11.6% from $ 124,517 all the time It is set on August 14th.
The largest corporate with bitcoin holder, approach, scooped up Another 3,081 bitcoin on Monday – bringing its sum at 632,457 btc – while the metaplanet bought 103 BTC to start the week
ETH treasury companies steal the spotlight
Corporate Bitcoin’s adoption has recently slowed down due to ether’s increase (Eth) Treasury companies, including Bitmine Immersion Technologies -It originally a bitcoin mining company, now became Eth Treasury Company-now holding the second largest largest crypto treasury with $ 7.5 billion in ETH.
Related: Buy the approach of $ 357m at Bitcoin as the price drops to $ 112k
The Sharplink and the Ether Machine spin the top three of the Treasury Company with $ 3.24 billion and $ 1.51 billion in handles, respectively, According to In strategicethreserve.xyz.
ETH Treasury’s adoption has contributed to the 198% ETH price rally since April 9, forming a lost distance to Bitcoin from earlier in the current bull cycle.
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