Sequans and Swan Announce Strategic Bitcoin Treasury Management Agreement

Core Insights - Sequans Communications has signed a strategic Bitcoin Treasury Management Agreement with Swan Bitcoin to implement a Bitcoin treasury strategy [1][2] - The company is shifting its capital allocation strategy by adopting Bitcoin as its primary reserve asset [2][4] - Sequans has completed significant Bitcoin acquisitions, bringing its total holdings to 2,317 BTC, making it the 21st largest publicly traded corporate Bitcoin treasury globally [3][4] Company Strategy - Sequans plans to accumulate over 3,000 BTC using net proceeds from a recent $384 million strategic investment through a private placement of convertible debt and equity [3][4] - The company aims to maximize Bitcoin per share and deliver long-term value to shareholders, viewing Bitcoin as the world's most pristine reserve asset [6][9] - Swan Bitcoin will provide comprehensive advisory services, including treasury design, capital markets guidance, and ongoing treasury management [5][6] Market Position - Sequans holds more Bitcoin than the combined reserves of the "Mag7" tech giants and surpasses the Bitcoin reserves of 188 countries [4] - The company is establishing itself as an innovator in corporate finance by adopting a Bitcoin treasury strategy, positioning itself for long-term value creation [5][11]