Oh, what a tale we have here, dear readers! In the grand city of Paris, where the air is thick with the scent of croissants and the streets are paved with dreams, there stands a company so bold and daring, one might say it’s on a mission to outshine the very stars themselves. This company, known far and wide as Sequans Communications, has decided to take a leap into the world of Bitcoin, not with a small step, but with a mighty bound of $200 million!
Yes, you read that right, $200 million! It’s as if Sequans has discovered a secret treasure map leading to a mountain of gold, only this time, the treasure is digital and goes by the name of Bitcoin. The goal? To amass a staggering 100,000 BTC by the year 2030. Can you imagine it? A mountain of Bitcoin, towering over the financial landscape like a colossus!
– Sequans (@Sequans) August 25, 2025
But how does one achieve such a lofty goal? Well, according to the wise and venerable Georges Karam, CEO of Sequans, the answer lies in an “at-the-market equity offering.” In simpler terms, it means they will sell shares whenever the mood strikes them, depending on the whims of the market. The proceeds from these sales will then be used to bolster their Bitcoin treasury, ensuring that each share carries a little bit more of the precious cryptocurrency.
Now, let us delve into the current state of affairs. According to the wise sages at BitBo, Sequans already holds a respectable 3,171 BTC, valued at a cool $349 million. This makes them the second-largest corporate Bitcoin holder in Europe, just behind the mighty Bitcoin Group SE of Germany, which boasts a staggering 12,387 BTC. With the new influx of funds, Sequans could add another 1,814 BTC to their collection, bringing their total to nearly 5,000 BTC, a number that would make even the most stoic investor smile.
Of course, timing is everything in the world of finance, and Sequans has chosen a moment when Bitcoin is experiencing a slight dip. Currently trading at $109,862, Bitcoin has seen a 13.3% decrease from its all-time high of $124,517 earlier this month. But fear not, for other financial titans are also taking advantage of this dip. Strategy added 3,081 BTC on Monday, and Japan’s Metaplanet picked up 103 BTC, proving that the smart money never sleeps.
Meanwhile, the world of Ethereum is also heating up. Companies like BitMine Immersion Technologies are holding a whopping $7.5 billion in ETH, while SharpLink and The Ether Machine complete the top three. The rise of ETH has been nothing short of spectacular, with a 198% rally since April 9, narrowing the gap with Bitcoin in this cycle.
As for Sequans, the stock closed Monday at $0.96, down 6.8%, but showed signs of recovery in after-hours trading. It seems that even in the world of high finance, there is always room for a little drama and suspense.
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2025-08-26 07:02