Paris-based publicly traded semiconductor and IoT chipmaker Sequans Communications has raised $384 million through a debt and equity private placement to establish a strategic Bitcoin treasury. The French company announced plans to use the funds to acquire Bitcoin as a primary treasury reserve asset, partnering with Swan to implement its Bitcoin treasury strategy. Sequans CEO described Bitcoin as a hedge for financial resilience. Following the fundraising, Sequans has actively purchased Bitcoin, acquiring 370 BTC initially and planning to buy over 3,000 BTC in the coming weeks. As of mid-July 2025, Sequans purchased an additional 683 BTC for approximately $79 million at an average price of $116,213 per Bitcoin, bringing its total holdings to 1,053 BTC valued around $120 million. By late July 2025, Sequans further increased its Bitcoin holdings by acquiring 1,264 BTC for $150 million, raising its total Bitcoin holdings to 2,317 BTC. This move reflects a growing trend of corporate adoption of Bitcoin as a strategic financial reserve asset.