Sequans Goes Full Crypto: French Chipmaker Seeks $200M to Back Bitcoin Treasury Bet

Paris-based semiconductor firm Sequans just placed a high-risk wager on digital gold—using shareholder capital as chips.

The $200M Bitcoin Play

The company filed to raise nine figures exclusively for BTC treasury allocation, bypassing traditional reserve assets like cash or bonds. No hedging strategy disclosed—pure volatility embrace.

Silicon Meets Satoshis

While rivals stockpile fiat for fab upgrades, Sequans pivots to proof-of-work. Analysts note the irony: a chipmaker betting on the very asset that burns through silicon like wildfire.

Closing thought: When corporate treasuries moonwalk into crypto, do they hear the whispers of 2022's carcasses—or just the siren song of FOMO?

Bitcoin treasury race heats up

Sequans first disclosed plans for a treasury overhaul back in late June this year, and soon after, it completed a $384 million private placement backed by over 40 institutional investors. The entire proceeds were used to stack the first set of Bitcoins for its treasury.

Like Sequans, several other publicly traded companies have turned to Bitcoin over the past few quarters. There were fewer than 100 public companies holding Bitcoin at the start of 2025. As of the time of writing, 174 public companies are Bitcoin holders according to data from Bitcointreasuries.