French semiconductor company Sequans Communications has unveiled plans to raise $200 million via an equity offering, aiming to purchase Bitcoin for their corporate treasury. This move underscores the company’s strategic focus on cryptocurrency investments, potentially influencing market sentiment and positioning them among Europe’s leading Bitcoin holders. 3171 BTC is currently held by Sequans Communications; with a potential rise to 5000 BTC after the fundraising, this indicates significant investment strategy shifts in corporate treasury management. The initiative could impact Bitcoin markets significantly as Sequans commits substantial capital to acquiring Bitcoin, possibly driving similar corporate strategies in Europe. Sequans CEO, Georges Karam, emphasizes long-term shareholder value creation through strategic Bitcoin accumulation. The firm’s ambitious goal of holding 100,000 BTC by 2030 marks them as a major player in European corporate Bitcoin accumulation, reminiscent of MicroStrategy’s approach.