Paris-based semiconductor firm Sequans boosts Bitcoin Treasury to over 3000 Coins

Sequans Communications, the Paris-based semiconductor company listed on the NYSE, has continued to build one of Europe’s largest corporate Bitcoin treasuries, with reports saying its holdings recently rose above 3,000 BTC as it pursued a larger accumulation strategy. The company had previously disclosed an ambition to accumulate 100,000 BTC by 2030 and had financed purchases through equity issuance and earlier debt-and-warrant fundraising tied to its treasury program. The broader context is that Sequans shifted from being a pure IoT semiconductor firm into a Bitcoin-treasury adopter, a move that made it resemble a Bitcoin proxy stock more than a conventional chipmaker. That strategy later became more complicated as Bitcoin’s price volatility and debt obligations forced Sequans to unwind much of its position in 2025–2026; by June 2026, it had reduced holdings to about 658 BTC after selling coins to redeem convertible debt, showing how corporate Bitcoin strategies can quickly affect balance-sheet risk and shareholder exposure.

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