According to Sequans, the program—approved by the U.S. Securities and Exchange Commission (SEC)—will allow the company to sell American Depositary Shares (ADS) flexibly, depending on market conditions. The proceeds will be directed primarily toward Bitcoin purchases and the management of the company’s long-term crypto treasury. Sequans currently holds 3,171 BTC, and this program marks another step toward its ambitious goal of accumulating 100,000 BTC by 2030.
$200 Million ATM Program
Through the SEC-approved ATM program, Sequans can sell up to $200 million worth of ADS shares in stages, depending on market liquidity and pricing conditions. Unlike traditional capital raises, this approach provides greater flexibility, cost efficiency, and investor protection.
The company highlights that such a model minimizes the risk of sudden share value dilution for investors while ensuring smoother capital inflows.
Sequans CEO Georges Karam emphasized that the ATM program will form the financial backbone of the company’s long-term Bitcoin strategy, stating: “We are taking this step to optimize our treasury management and create stronger value for our shareholders.”
Strengthening Bitcoin Reserves
Currently, Sequans holds 3,171 BTC, valued at approximately $349 million. With funds raised through the new stock program, the company plans to further increase its Bitcoin holdings. If the full $200 million is allocated to BTC purchases, Sequans could add 1,800–1,900 BTC to its reserves.
The company’s long-term vision is far more ambitious: building a reserve of 100,000 BTC by 2030. Such a strategy positions Sequans not only as a semiconductor manufacturer but also as a major corporate Bitcoin treasury player. Every step toward this goal enhances its profile among global investors.
Europe’s Second Largest Corporate Bitcoin Holder
With 3,171 BTC, Sequans currently stands as the second-largest corporate Bitcoin holder in Europe, behind Germany’s Bitcoin Group SE. This reflects a broader trend among European technology and financial companies to expand their Bitcoin reserves.
On a global scale, corporate Bitcoin investments are gaining traction, led by giants like MicroStrategy and Tesla. As of 2025, 174 publicly traded companies worldwide hold Bitcoin on their balance sheets. Sequans’ new stock program underscores how European firms are becoming more assertive in this space.
