Key Takeaways:
- Corporate Bitcoin holdings have nearly doubled, now representing about 4% of total BTC supply.
- Sequans Communications is raising $384 million to build a strategic Bitcoin treasury.
- Firms like Strategy continue to lead BTC adoption, though volatility and regulation keep some major companies on the sidelines.
A growing number of corporations are betting on Bitcoin as a strategic reserve asset, with the number of companies holding BTC on their balance sheets nearly doubling in just a few weeks.
As of Monday, approximately 240 companies have now disclosed Bitcoin holdings, compared to 124 companies just weeks ago, according to BitcoinTreasuries.NET. Together, these firms control roughly 4% of the total BTC supply — a significant share of the world’s most valuable digital asset.
Sequans Communications to Raise $384M for Bitcoin Treasury
In one of the latest moves, Sequans Communications, a leading developer of IoT semiconductors and modules, has announced plans to raise $384 million specifically to build a strategic Bitcoin treasury.
The company aims to issue approximately $195 million in equity and $189 million in convertible debentures, which can later convert into shares. For the initiative, Sequans is partnering with Swan Bitcoin, a specialist in Bitcoin treasury management.
“Our bitcoin treasury strategy reflects our strong conviction in bitcoin as a premier asset and a compelling long-term investment,” said Georges Karam, CEO of Sequans.
Sequans joins a growing wave of firms choosing to diversify corporate reserves with Bitcoin, viewing the cryptocurrency as a hedge against inflation and fiat currency risk.
Corporate BTC Holdings Surge Despite Volatility Concerns
Sequans is not alone. Over the past week:
- Nakamoto Holdings raised $51.5 million to expand its Bitcoin stockpile.
- Metaplanet acquired an additional 1,111 BTC, bringing its holdings close to Tesla’s BTC treasury.
This trend has even prompted commentary from crypto pioneers like Adam Back, CEO of Blockstream. “Time to dump ALTs into BTC or BTC treasuries,” Back wrote on X, highlighting Bitcoin’s growing dominance as a corporate reserve asset.
However, not all major firms are embracing Bitcoin. Amazon, Meta, and Microsoft continue to steer clear, citing concerns over Bitcoin’s volatility and the ongoing regulatory uncertainty surrounding digital assets. For many CFOs, corporate treasuries are intended to preserve capital, and Bitcoin’s market swings can pose risks to shareholder value.
Strategy Remains Top Corporate BTC Holder
While more companies are now entering the space, Michael Saylor’s Strategy remains the largest corporate Bitcoin holder globally.
The firm now controls 592,345 BTC, valued at approximately $60.2 billion. Known for aggressively issuing convertible debt to acquire Bitcoin, Strategy has helped pave the way for other corporate adopters by showcasing the potential long-term benefits of BTC-backed treasuries.
Also Read: Strategy Adds 245 BTC to Holdings as Bitcoin Faces $100K Test
With corporate Bitcoin holdings rising sharply and more companies eyeing similar moves, Bitcoin’s role in the traditional financial system appears to be strengthening—despite ongoing debates about its volatility.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
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