French semiconductor company Sequans Communications has filed for a $200 million equity offering to fuel its Bitcoin treasury strategy, aiming to amass 100,000 Bitcoin by 2030. Currently, Sequans holds 3,171 Bitcoin worth $349 million, making it Europe’s second-largest corporate Bitcoin treasury.

Sequans plans to use the proceeds to continue accumulating Bitcoin in alignment with its treasury strategy, potentially adding another 1,814 BTC to bring its total stash to nearly 5,000 BTC. The number of public companies holding Bitcoin has risen to 174, up from fewer than 100 at the start of 2025.

The $200 million equity offering by Sequans comes amid a Bitcoin pullback to $110,045, 11.6% off its all-time high of $124,517. Meanwhile, corporate Bitcoin adoption has slowed due to the rise of Ether treasury companies, with BitMine Immersion Technologies now holding the second-largest crypto treasury with $7.5 billion in ETH.

Read more at Coin Telegraph: Sequans Files For $200 Million Equity Offering To Buy More Bitcoin