Sequans (SQNS) announced a plan to acquire 100,000 bitcoin (BTC) by the end of 2030, reflecting its conviction in bitcoin as a primary treasury reserve asset. The company launched its bitcoin treasury strategy on July 8 and as of August 8, holds 3,171 BTC. To achieve its goal, Sequans plans to implement a phased strategy using public capital-raising tools, strategic equity issuance, and bitcoin-backed credit instruments. “Sequans has successfully completed the first phase of its strategy, acquiring over 3,000 BTC in just one month,” said Georges Karam, CEO of Sequans. “Our next objective is to scale our approach to maximize bitcoin per share and deliver sustained value to shareholders through disciplined and responsible accumulation, with a target of acquiring 100,000 BTC by 2030.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SQNS:
- Northland starts Sequans with an Outperform as bitcoin treasury strategy begins
- Sequans initiated with an Outperform at Northland
- Largest borrow rate increases among liquid names
- Sequans Communications Reports Q2 2025 Financial Results and Bitcoin Strategy Launch
- Sequans Communications Updates Bitcoin Strategy Amidst Volatility Concerns