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PARIS - Sequans Communications S.A. (NYSE:SQNS) has purchased 370 bitcoin as part of its newly launched bitcoin treasury strategy, the semiconductor company announced Thursday.
The acquisition was funded using a portion of the net proceeds from Sequans’ recent offering of ordinary shares and convertible debentures, which closed on July 7, 2025.
According to the company, this purchase marks the beginning of a larger initiative to accumulate over 3,000 BTC in the coming weeks.
"We are excited to begin executing our strategic plan to accumulate over 3,000 BTC in the coming weeks," said Georges Karam, CEO of Sequans, in a press release statement.
To support this initiative, Sequans has selected Coinbase (NASDAQ:COIN) as its custodian, utilizing Coinbase Prime’s brokerage platform for its digital asset needs.
Sequans Communications, headquartered in France, specializes in wireless cellular technology for the Internet of Things (IoT). The company designs and develops technologies for AI-connected applications including secured payment, smart mobility, logistics, smart cities, and industrial applications.
The company adopted Bitcoin as a primary treasury reserve asset in June 2025, according to the press release. Sequans plans to strategically accumulate Bitcoin using proceeds from equity and debt financing, along with cash flows from operations.
Founded in 2003, Sequans operates globally with offices across the United States, Europe, and Asia.
In other recent news, Coinbase Global Inc. has been active with several developments. The company announced its acquisition of Liquifi, a platform specializing in token management, which aims to simplify the token launch process for blockchain developers. This strategic move is intended to enhance Coinbase’s offerings and support its broader goal of expanding the blockchain ecosystem. Additionally, KULR Technology Group secured a $20 million credit facility from Coinbase Credit, a subsidiary of Coinbase Global, to fund its Bitcoin accumulation goals.
Coinbase’s 2025 annual meeting of stockholders resulted in the election of ten directors and the approval of executive compensation, as well as the ratification of Deloitte & Touche LLP as the independent registered public accounting firm. In terms of analyst activity, Bernstein raised its price target for Coinbase to $510, maintaining an Outperform rating, citing multiple growth drivers like its stablecoin business and institutional crypto services. Meanwhile, Raymond James maintained a Market Perform rating, expressing concerns about Coinbase’s long-term earnings potential due to regulatory challenges and competition.
These recent developments reflect Coinbase’s ongoing efforts to strengthen its market position and adapt to the evolving cryptocurrency landscape.
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