French semiconductor giant Sequans raises $200 million to buy Bitcoin, aiming for 100,000 BTC by 2030.

French semiconductor company Sequans Communications is accelerating its entry into the Bitcoin (BTC) asset reserve market. The company has submitted an application to the U.S. Securities and Exchange Commission (SEC) to issue $200 million in stocks through a market-based issuance, aimed at executing its long-term Bitcoin funding strategy—to accumulate 100,000 BTC by 2030.

Financing Details and Strategic Objectives

Financing method: issuance of American Depositary Shares (ADS), with specific quantity and timing determined by the company based on market conditions.

Use of funds: Mainly used to continue accumulating Bitcoin and optimizing the financial structure.

CEO Statement: CEO Georges Karam stated that they will "wisely utilize" this financing to enhance the value of each Bitcoin share and create long-term returns for shareholders.

Current Status of Sequans' Bitcoin Reserves

According to BitBo data:

Currently holding 3,171 BTC (worth approximately 349 million USD)

Among European companies, only behind the German Bitcoin Group SEC (holding 12,387 BTC)

If purchased at the current market price, 200 million dollars could add approximately 1,814 BTC, bringing the total reserves close to 5,000 BTC, comparable to the scale of Semler Scientific.

Corporate Coin Holding Trend and Market Background

Trend: The number of publicly traded companies holding Bitcoin has increased from fewer than 100 at the beginning of 2025 to 174.

Market Timing: This financing comes as BTC has fallen from its historical high of $124,517 on August 14 to around $110,000, a drop of approximately 11.6%.

Other dynamics:

Strategy to repurchase 3,081 BTC, total holdings reach 632,457 BTC

Metaplanet increased its holdings by 103 BTC this week.

ETH funding companies are rising to divert Bitcoin funds.

Although BTC remains the core of corporate asset allocation, ETH asset management companies are rapidly emerging:

BitMine Immersion Technologies: Holds ETH worth 7.5 billion USD

SharpLink: Holding ETH market value of 3.24 billion USD

The Ether Machine: Holding ETH market value of 1.51 billion USD

Impact: The popularity of the ETH treasury has driven the price of ETH up by 198% since April 9, narrowing the gap with the price increase of BTC.

Investor Perspective and Future Outlook

The significance of BTC: Sequans' actions demonstrate that more and more traditional industry companies are viewing Bitcoin as a hedge against inflation and a store of value.

Potential impact: If the goal of 100,000 BTC is achieved by 2030, Sequans will rank among the largest corporate holders of coins globally.

Market Observation: The current pullback of BTC may be a good opportunity for companies to "buy on dips", but the rise of ETH capital firms indicates that the corporate allocation of crypto assets will become more diversified in the future.

Conclusion

Sequans raises $200 million to purchase Bitcoin, marking the latest case of integration between the semiconductor industry and crypto assets, and highlighting the trend of companies treating BTC as a strategic asset. As more companies join the ranks of holders, the enterprise-level demand for Bitcoin may continue to grow in the coming years, while the treasury trend for ETH could become another main line of capital flow.