The French semiconductor company Sequans Communications filed a capital offer of $ 200 million on Monday on Monday to feed its Bitcoin cash strategy – with the longer term to raise 100,000 bitcoin by 2030.
The program will allow the manufacturer of 4G and 5G chips to issue US deposit shares – shares in US dollars in a foreign company that are negotiated on the US stock market – at its discretion, he said in a file on the Securities and Exchange Commission on Monday.
“We intend to use it judiciously to optimize our treasure, increase Bitcoin by action and offer long -term value to shareholders,” the CEO of Sequans, Georges Karam, said in a press release.
Bitbo Bitcoin Treasury’s data show that the company based in Paris currently holds 3,171 Bitcoin (BTC) worth $ 349 million in its balance sheet, making it the second Bitcoin Bitcoin Treasury in Europe, which holds 12,387 BTC.
Sequans unveiled its Bitcoin use plan for the first time as a basic cash active ingredient on June 23, joining a growing trend of listed companies adopting cryptocurrency as inflation coverage and value reserve. He previously declared that he tried to raise 100,000 bitcoin by 2030.
The number of public companies holding Bitcoin increased to 174, against less than 100 in early 2025.
The Sequenians could naked 5,000 bitcoin with the product
The semiconductor company said that the calendar and the volume of stock sales within the framework of the equity program will be at the discretion of the company, determined by market conditions and other factors.
The net product product should be “mainly used to continue to accumulate Bitcoin alignment with the company’s treasury strategy,” said Sequans.
At current market prices, 200 million dollars could buy additional 1,814 BTC sequans, bringing its total hiding place to almost 5,000 BTC – about the same amount as Semler Scientific currently holds.
Sequans closed $ 0.96 on Monday, down 6.8% during the negotiation day. It has since increased by 0.41% trade after opening hours.
Bitcoin cash companies buy the drop
The stock offer of $ 200 million dollars occurs in the middle of a bitcoin decline at $ 110,045, 11.6% over the highest $ 124,517 on August 14.
The biggest business bitcoin holder, the strategy, increased by 3,081 bitcoin on Monday – bringing its total to 632,457 BTC – while Metaplanet bought 103 BTC to start the week
ETH treasury companies fly the spotlight
The adoption of Bitcoin of companies recently slowed down due to the rise of Ether cash companies (ETH), with Bitmine immersion technologies – originally a Bitcoin operating company, which has become the company of the Treasury ETH – now holding the second largest cryptographic treasure with 7.5 billion dollars of ETH.
In relation: The strategy buys $ 357 million in Bitcoin because the price falls to $ 112,000
Sharplink and the Ether machine complete the three main holdings of the cash and ETH company with $ 3.24 billion and $ 1.51 billion in holdings, respectively, according to Strategichetreve.xyz.
The adoption of Eth Treasury has contributed to the price rally of 198% ETH since April 9, representing a distance loss on Bitcoin earlier in the current bull cycle.
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