Sequans will buy 100,000 bitcoins worth $11.9 billion

The French company Sequans Communications, which develops integrated circuits and modules for mobile devices, will buy 100,000 bitcoins worth $11.9 billion at the current exchange rate.

Sequans has completed the first phase of its strategy by acquiring over 3,000 BTC in just one month.
"Our next goal is to scale the approach to accumulating bitcoins to increase the number of coins per security and to buy 100,000 BTC by 2030," said the company's director, Georges Karam.

During the first stage, which Karam mentioned, the enterprise invested $384 million in bitcoins, and currently holds 3,170 BTC on the organization's balance sheet. By this metric, the company ranks 23rd in the list of public institutions that have invested the most in cryptocurrency.
Sequans is among the largest corporate Bitcoin investors.

Notably, the French government invested at least €10.9 million in Sequans through the state-owned bank Bpifrance. Therefore, the country's authorities have inadvertently become indirect bitcoin investors and are likely to profit from the rise in the cryptocurrency's price.

The plan to purchase 100,000 BTC announced by Georges has not yet had a positive impact on the company's stock market. Over the past day, they have fallen by 7%, and since the beginning of 2025, their price has collapsed by 66%. Clearly, Karam hopes that investments in bitcoins will serve as a catalyst for a bull rally.