French Government-Backed IoT Company Sequans Plans to Build 100,000 Bitcoin Treasury By 2030

 Highlights:

• Sequans plans to buy 100,000 Bitcoin by 2030, starting its purchases in July 2025.
• The company now holds 3,171 BTC and is gradually increasing its reserves over time. 
• Sequans will grow its holdings using funding, profits, and Bitcoin-backed financial tools.

Sequans Communications, a Paris-based semiconductor company backed by the French government, said on Thursday it plans to buy 100,000 Bitcoin by 2030. The company started its plan in July after raising $384 million in late June to buy Bitcoin. It first raised $195 million by selling shares and $189 million through a type of loan called convertible debt. 

🚀 Sequans sets sights on 100,000 BTC by 2030 🟠
We’re scaling our Bitcoin treasury strategy with a bold plan to acquire 100K BTC.
Already hodling 3,171 BTC — and just getting started. $SQNS
🔗https://t.co/9WfSpXcBPS pic.twitter.com/bMNmetrChk

— Sequans (@Sequans) August 14, 2025

The company began buying Bitcoin on July 10 with 370 BTC, reaching 2,317 BTC by July 18. Later in the month, it added 755 BTC, followed by 85 BTC worth about $10 million, bringing its total to roughly 3,171 BTC.  Sequans partnered with Swan Bitcoin from the start of its Bitcoin acquisition program in July to handle execution and treasury management. 

The firm now owns 3,171 Bitcoin, making it the 22nd largest public company in the world holding Bitcoin, according to BitcoinTreasuries.net. Over the next five years, Sequans plans to add more Bitcoin using new funding, profits from its business, and other financial methods. Sequans has no fixed purchase schedule and plans to grow its reserves gradually rather than through one large purchase.

Sequans’ Step-by-Step Plan to Build a 100,000 Bitcoin Treasury

The firm has a step-by-step plan for building its Bitcoin treasury. This year, it will focus on increasing its holdings by raising money from the public. In 2026, it aims to accelerate growth through selling more shares, taking Bitcoin-backed loans, and possibly earning from its intellectual property. The final stage of the plan will last until 2030. During this time, the company will strengthen its treasury and finances using Bitcoin-backed tools and sell fewer new shares.

Georges Karam, CEO of Sequans, said:

“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.”

Sequans’ Bold BTC Commitment Amid Market Volatility

Sequans, listed on the NYSE under the ticker SQNS, makes 4G and 5G technology for Internet of Things (IoT) devices. On Thursday, its stock closed 7% lower, according to Yahoo Finance.  Sequans sees Bitcoin as digital gold and a decentralized store of value. It also sees BTC as a hedge against currency devaluation and a tool for corporate resilience. Because the company is backed by the state, the move also has a political aspect, but so far, there’s been no official regulatory response.

On July 14, Bitcoin reached a major milestone, with its price climbing above $122,600. This surge pushed its market capitalization to roughly $2.4 trillion, overtaking Amazon’s estimated $2.3 trillion. This milestone placed Bitcoin among the five most valuable assets in the world. The rise was swift, with BTC gaining nearly 13% in just one week. The surge was fueled by record inflows into spot Bitcoin exchange-traded funds (ETFs) and increasing institutional demand.