₿1 = $67,618.21▲ 0.52%

Sequans Communications S.A.

SQNS🇺🇸

$3.14▼ 1.57%

As of March 9, 2026 at 11:44 UTCMarket Closed

Sequans is a fabless semiconductor company specializing in IoT cellular connectivity chips. The company pivoted to a Bitcoin treasury strategy in mid-2025, raising capital through equity and convertible debt to acquire BTC.

Reserves

BTC Reserve

2,139 BTC

Fiat Reserve

13.40M USD

Total Reserve

158.03M USD

Shares outstanding

16.00M

Key Metrics

Total outstanding

94.50M USD

Market cap

50.23M USD

mNAV

0.35x▼ 2.08%

Amplification

59.8%

Leverage

59.8%

Avg-weighted maturity

2028-07-07

In-the-money

-85.0%

Dilution if full conversion

28.1%

BTC Holdings

Maturity Profile

Convertibles

BTC Price & Analytics

Convertibles(1)

SQNS-Jul28

2025-07-07 — 2028-07-07

Coupon

Principal

189.00M USD

Outstanding

94.50M USD

Conv. price

21.00 USD

Details

Total conv. outstanding

94.50M USD

Label	Issue	Maturity	Coupon	Principal	Outstanding	Conv. price
SQNS-Jul28	2025-07-07	2028-07-07	0%	189.00M USD	94.50M USD	21.00 USD	Details
					94.50M USD

Preferred instruments(0)

No active Preferreds.

Other debt(0)

No active other debt.