French chip manufacturer Sequans plans to sell shares to buy Bitcoin

The chip production company #Sequans based in Paris has filed to raise $200 million through a stock sale program. The main goal of this fundraising is to purchase Bitcoin as part of the company’s long-term treasury strategy.

Ambitious strategy and goals

With this plan, Sequans intends to use the raised capital wisely to optimize its treasury. The company has held over 3,000 Bitcoins, worth approximately $331 million, making Sequans one of the largest Bitcoin-holding companies in Europe, second only to Germany's Bitcoin Group SE. Sequans also has an ambitious target of accumulating 100,000 Bitcoins by 2030. #France

Risks and potential

Issuing shares to buy Bitcoin will certainly dilute the holdings of existing shareholders and directly tie the company's value to Bitcoin's volatility. However, experts believe this model could provide long-term benefits. Dan Dadybayo, an expert from Unstoppable Wallet, states that smaller companies can accumulate $BTC effectively through structured financial strategies. The main risk does not lie in short-term price volatility, but in the company's ability to maintain operational discipline and avoid overexpansion during a market downturn.