Semiconductor company Sequans is raising $200M to buy Bitcoin

Bitcoin treasury companies are selling bitcoin and restructuring as share prices fall and debt obligations rise. Strategy (MSTR) has sold about 3,620 BTC and authorized more. Satsuma (SATS) approved liquidation of 668 BTC. Smarter Web (SWC) sold 178 BTC, Sequans (SQNS) sold 1,025 BTC, and Nakamoto (NAKA) sold about 284 BTC. Miners MARA and Bitdeer also reduced holdings, citing AI pivots.

Sequans Communications (NYSE: SQNS) said it has fully redeemed its remaining convertible debt, funded by selling part of its Bitcoin holdings. After retiring all convertible notes issued in July 2025, it holds about 658 BTC, “fully unencumbered,” and plans to monetize remaining BTC over time. The company began its Bitcoin treasury in June 2025, later sold more than 80% of peak holdings.

Realty Income (NYSE: O) says it began investing in data centers in late 2023 via a build-to-suit JV with Digital Realty, buying an 80% stake in an up to 48 MW facility. It also formed a hyperscale JV with Cloud Capital, targeting up to $1.4B investment for a 45% stake. Realty Income raised 2024 AFFO guidance to $4.44-$4.45/share and investment outlook to $10B.

Bloomberg reported the US Army plans to buy at least $400 million of AeroVironment counter-drone laser systems, citing a person familiar with the deal. The order would include dozens of LOCUST units that use AI to detect and track small to medium drones and then engage them with a high-energy laser. AeroVironment’s stock rose about 8% on Friday.

Rocket Lab (RKLB) said it won a $397 million U.S. Space Force contract to develop, launch, and operate multiple Flatellites for the SB-AMTI program. Flatellites are slimmer, stackable satellites intended to increase deployments per launch and integrate with Rocket Lab’s Neutron rocket. The article cites analyst forecasts for revenue rising from $602M (2025) to $1.7B (2028).

Diversified Energy (LSE:DEC, NYSE:DEC) said it will shift from acquisition-led growth to drilling its own wells, launching a one-rig operated development programme in Oklahoma in 2H, spending $35m to $50m. It expects drilling to materially affect 2027 production. Q2 adjusted EBITDA fell 14% to $240m; guidance calls for $960m-$1.01b adjusted earnings and ~$440m free cash flow.