# ![@RogueSparhawk Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1700431542449795072.png) @RogueSparhawk Rogue Sparhawk

Rogue Sparhawk posts on X about bitcoin, business, debt, mstr the most. They currently have [---] followers and [---] posts still getting attention that total [---] engagements in the last [--] hours.

### Engagements: [---] [#](/creator/twitter::1700431542449795072/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1700431542449795072/c:line/m:interactions.svg)

- [--] Week [-----] +29%
- [--] Month [-----] +54%
- [--] Months [------] +307%
- [--] Year [------] +8,247%

### Mentions: [--] [#](/creator/twitter::1700431542449795072/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1700431542449795072/c:line/m:posts_active.svg)

- [--] Week [--] -8.30%
- [--] Month [--] +39%
- [--] Months [---] +269%
- [--] Year [---] +2,217%

### Followers: [---] [#](/creator/twitter::1700431542449795072/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1700431542449795072/c:line/m:followers.svg)

- [--] Week [---] -0.88%
- [--] Month [---] +0.89%
- [--] Months [---] +13%
- [--] Year [---] +528%

### CreatorRank: [---------] [#](/creator/twitter::1700431542449795072/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1700431542449795072/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[cryptocurrencies](/list/cryptocurrencies)  51% [finance](/list/finance)  27% [stocks](/list/stocks)  5% [countries](/list/countries)  3% [exchanges](/list/exchanges)  2% [events](/list/events)  1% [automotive brands](/list/automotive-brands)  1% [travel destinations](/list/travel-destinations)  1% [technology brands](/list/technology-brands)  1%

**Social topic influence**
[bitcoin](/topic/bitcoin) 26%, [business](/topic/business) 7%, [debt](/topic/debt) 7%, [mstr](/topic/mstr) 7%, [proof of work](/topic/proof-of-work) #40, [ceo](/topic/ceo) 4%, [iot](/topic/iot) 4%, [discount](/topic/discount) 3%, [the first](/topic/the-first) 3%, [key](/topic/key) 3%

**Top accounts mentioned or mentioned by**
[@zynxbtc](/creator/undefined) [@sequans](/creator/undefined) [@pledditor](/creator/undefined) [@empdbtc](/creator/undefined) [@hodldee](/creator/undefined) [@satosophy](/creator/undefined) [@checkmatey](/creator/undefined) [@sahra03352270](/creator/undefined) [@chrismmillas](/creator/undefined) [@croesusbtc](/creator/undefined) [@j4ykl](/creator/undefined) [@hillerydan](/creator/undefined) [@coryklippsten](/creator/undefined) [@ghostofwhitman](/creator/undefined) [@level420jesus](/creator/undefined) [@lore45more](/creator/undefined) [@parmanthe](/creator/undefined) [@maxkeiser](/creator/undefined) [@smarterwebuk](/creator/undefined) [@danainhawaii](/creator/undefined)

**Top assets mentioned**
[Bitcoin (BTC)](/topic/bitcoin) [Coinbase Global Inc. (COIN)](/topic/coinbase)
### Top Social Posts
Top posts by engagements in the last [--] hours

"Sequans IoT engine booting"  
[X Link](https://x.com/RogueSparhawk/status/1989596496514195649)  2025-11-15T07:29Z [---] followers, [---] engagements


"16/11/25 SQNS news * Sentiment around BTC and all treasuries at rock bottom this week * Sequans well placed for [----] recovery * Solid noises from IoT business * mNAV rises to [----] - 17% discount to [----] BTC held * Debt ratio optimised for buy backs and pref options"  
[X Link](https://x.com/RogueSparhawk/status/1990117441876213903)  2025-11-16T17:59Z [---] followers, [----] engagements


"Sequans becomes the first treasury to initiate a share buy back https://sequans.com/sequans-communications-announces-update-of-ads-repurchase-program/ https://sequans.com/sequans-communications-announces-update-of-ads-repurchase-program/"  
[X Link](https://x.com/RogueSparhawk/status/1991109388963295578)  2025-11-19T11:40Z [---] followers, [----] engagements


"A sequans sapling in a sea of red"  
[X Link](https://x.com/RogueSparhawk/status/1991953930813919613)  2025-11-21T19:36Z [---] followers, [---] engagements


"1 month and [--] month performance of SWC and SQNS (I hold both alongside MSTR). Over [--] month Sequans doing better but doing worse over [--] months"  
[X Link](https://x.com/RogueSparhawk/status/1996653893561045459)  2025-12-04T18:52Z [---] followers, [---] engagements


"Over the last month Sequans has outperformed all other key treasury companies"  
[X Link](https://x.com/RogueSparhawk/status/1996654566780383728)  2025-12-04T18:55Z [---] followers, [----] engagements


"With bitcoin resurgent in [----] we're due a green sequans day today. God willing"  
[X Link](https://x.com/RogueSparhawk/status/2008166352704417986)  2026-01-05T13:19Z [---] followers, [---] engagements


"A [----] strategic partnership to power the Sequans balance sheet. Yet more proof of work. https://t.co/auwzb46q1n Yet more proof of work. https://t.co/auwzb46q1n"  
[X Link](https://x.com/RogueSparhawk/status/2008214446141759664)  2026-01-05T16:30Z [---] followers, [---] engagements


"Sequans CEO attending a conference of investors January 13th next week"  
[X Link](https://x.com/RogueSparhawk/status/2008222667405767091)  2026-01-05T17:02Z [---] followers, [---] engagements


"More Sequans proof of work (in Las Vegas CES)"  
[X Link](https://x.com/RogueSparhawk/status/2009314895658143767)  2026-01-08T17:22Z [---] followers, [---] engagements


"5 day performance of Sequans Smarter MSTR and Strive"  
[X Link](https://x.com/RogueSparhawk/status/2011548496500048178)  2026-01-14T21:18Z [---] followers, [---] engagements


"@Pledditor @Sequans Dude I'm probably one of [--] other investors lol. Not sure it matters. One of the sales was around the time they got rid of an exec maybe payoffs"  
[X Link](https://x.com/RogueSparhawk/status/2015557925872292103)  2026-01-25T22:50Z [---] followers, [---] engagements


"@HodlDee @Pledditor @Sequans I'm down 74% which speaks for itself. I'm hopeful and praying that core business engine picks up in [----] and a bitcoin resurgence will make me whole and maybe more"  
[X Link](https://x.com/RogueSparhawk/status/2015733028505502028)  2026-01-26T10:26Z [---] followers, [--] engagements


"I'm less of an evangelist around always buy and never sell. Bitcoin needs to be bought and sold and traded. A company using bitcoin as a store of value should also be flexible to buy and sell. If the IoT engine fails I have the bitcoin engine which will one day make me whole. YES I should have stuck to pure bitcoin and I wouldn't be 74% down. However right now things are pretty de-risked. It's trading at less than the value of it's treasury store (around 80%) - the IoT business isn't valued at all in this. the IoT business is expected to go green/bring in revenue over the next two years so a"  
[X Link](https://x.com/RogueSparhawk/status/2015806950550741094)  2026-01-26T15:20Z [---] followers, [--] engagements


"Thank you for your good wishes. I pray I you are mistaken. I will need to live with my choices. Are you dubious about all treasury companies or just SQNS For me they have: [--]. non-bloated exec of business people cf youngling bitcoiners [--]. flexible mindset can sell if there's a business reason [--]. trading at 80% of bitcoin holdings [--]. there must be some value to the IOT business [--]. a whale has recently purchased 10% of stock and increasingly buying more (Daniel Asher) [--]. lots of proof of work with the IOT business - serious work conferences etc. Seems reasonably placed compared the other BTCTCs"  
[X Link](https://x.com/RogueSparhawk/status/2015811901091992032)  2026-01-26T15:39Z [---] followers, [--] engagements


"23 Nov [----] SQNS weekly update: * Share Buy Back scheme initiated to stabilise price * BTC and all major treasures compress * SQNS mNAV of [----] enticing compared to peers * Share price at $5.47 * [----] BTC held * IoT engine working hard coming online 2026"  
[X Link](https://x.com/RogueSparhawk/status/1992633254101582132)  2025-11-23T16:36Z [---] followers, [----] engagements


"SQNS Broker views: Roth Capital: Buy target $35 (Nov [--] 2025) B. Riley Securities: Buy target $13 (Nov [--] 2025) Northland Capital: Outperform target $16 (Nov [--] 2025) Lake Street Capital: Buy target $18 (Dec [--] 2025) NOW: $4.77 Mnav: [----] 24% discount to [----] BTC held"  
[X Link](https://x.com/RogueSparhawk/status/2004196762995904751)  2025-12-25T14:25Z [---] followers, [----] engagements


"Sequans seems to catching a breath with 18% increase over the last five days. Possibly linked to news of this accumulation https://www.marketbeat.com/instant-alerts/daniel-asher-acquires-6800-shares-of-sequans-communications-nysesqns-stock-2026-01-13/ https://www.marketbeat.com/instant-alerts/daniel-asher-acquires-6800-shares-of-sequans-communications-nysesqns-stock-2026-01-13/"  
[X Link](https://x.com/RogueSparhawk/status/2011541094857855089)  2026-01-14T20:49Z [---] followers, [--] engagements


"Grok on whale buying activity for Sequans right now"  
[X Link](https://x.com/RogueSparhawk/status/2012122488256532818)  2026-01-16T11:19Z [---] followers, [---] engagements


"Ongoing whale buying of SQNS. Grok on whale buying activity for Sequans right now https://t.co/0H82allxQw Grok on whale buying activity for Sequans right now https://t.co/0H82allxQw"  
[X Link](https://x.com/RogueSparhawk/status/2012122733753364858)  2026-01-16T11:20Z [---] followers, [---] engagements


"Proof of work: Sequans"  
[X Link](https://x.com/RogueSparhawk/status/2016841450005111185)  2026-01-29T11:50Z [---] followers, [----] engagements


"@Sahra03352270 @Pledditor Please explain more"  
[X Link](https://x.com/RogueSparhawk/status/2019537793165455755)  2026-02-05T22:25Z [---] followers, [--] engagements


"Sequans filed an extra-ordinary motion on the 16th January to remove 9.5% of shares from the pool. To be decided by a vote of shareholders on the 19th February. If successful it means bitcoin per share increases and each shareholder owns more of the company than they currently do. (NFA) Details on the Sequans website. https://sequans.com/investor-relations/sec-filings/ https://sequans.com/investor-relations/sec-filings/"  
[X Link](https://x.com/RogueSparhawk/status/2012167784940113971)  2026-01-16T14:19Z [---] followers, [---] engagements


"Recent price action sucks but Q4 results are ok https://t.co/WrVl0qdyyD $SQNS https://t.co/ZkC6JiMOsv https://t.co/WrVl0qdyyD $SQNS https://t.co/ZkC6JiMOsv"  
[X Link](https://x.com/RogueSparhawk/status/2021635384690811189)  2026-02-11T17:20Z [---] followers, [---] engagements


"@GhostofWhitman @Pledditor Could I ask you why not Right now Sequans is priced at 86% of its [----] bitcoin holdings so a discount of 14% to asset value. That's not counting the 5G business assets. For plebs with trapped fiat who can't buy the underling bitcoin. why not all in on Sequans"  
[X Link](https://x.com/RogueSparhawk/status/1961662739727765945)  2025-08-30T05:30Z [---] followers, [--] engagements


"31st August [----] weekly summary * SQNS announces a $200m ATM programme as part of a future accumulation strategy. Can only start with share price recovers to above $2.21 from $0.9 now * Improved transparency with updated dashboard * [----] mNAV discount to the [----] bitcoin held"  
[X Link](https://x.com/RogueSparhawk/status/1962053635501638074)  2025-08-31T07:23Z [---] followers, [----] engagements


"@Level420Jesus @Sequans They didn't use the ATM to do this. They used cash. Super news"  
[X Link](https://x.com/RogueSparhawk/status/1962831120992505958)  2025-09-02T10:53Z [---] followers, [---] engagements


"@ZynxBTC I hold [--] BTCTCs. The med/long term prospects are bright. Short term price action for all MAY contract to [--] or under. It's not rate of accumulation that drives price - its BTC price appreciation + hodl size. Further contraction til BTC zooms so sub [--] mNAV = best buys = SQNS"  
[X Link](https://x.com/RogueSparhawk/status/1963140320667033843)  2025-09-03T07:21Z [---] followers, [---] engagements


"@lore45more @ZynxBTC I think you're both spot on. PIPE was a disaster for us plebs buying in at high mNAV. But right now is the opportunity of a life time. I was there for MSTR [----] and 10x my investment over time. This is the [----] moment for SQNS"  
[X Link](https://x.com/RogueSparhawk/status/1963590870256476292)  2025-09-04T13:11Z [---] followers, [--] engagements


"It's not just me who see's deep value in SQNS Check out this guy. There's Bitcoin on sale in the risk markets.SQNS is the biggest discount at 36.72% off. NFA https://t.co/WGr6JKMl6m There's Bitcoin on sale in the risk markets.SQNS is the biggest discount at 36.72% off. NFA https://t.co/WGr6JKMl6m"  
[X Link](https://x.com/RogueSparhawk/status/1963974449738203489)  2025-09-05T14:36Z [---] followers, [---] engagements


"7 September [----] weekly SQNS update * Increases treasury by [--] to [----] BTC * Removes risk of de-listing through 10:1 reverse stock split * mNAV sits at [----] an 18% discount to BTC held * No impact from NASDAQ changes"  
[X Link](https://x.com/RogueSparhawk/status/1964461134867824686)  2025-09-06T22:50Z [---] followers, [----] engagements


"@ZynxBTC Metaplanet amazingly compelling with it's compressed mNAV"  
[X Link](https://x.com/RogueSparhawk/status/1966369662477746526)  2025-09-12T05:13Z [--] followers, [---] engagements


"@parman_the Why Knots rather than running Core and adding in the filter manually I know I'm not supposed to trust - but Luke seems dodgy and Adam seems more honest"  
[X Link](https://x.com/RogueSparhawk/status/1967520957415006711)  2025-09-15T09:28Z [--] followers, [--] engagements


"@ChrisMMillas @ZynxBTC I suppose what I mean is we already have the MSTR model for what might happen to mNAV for all the BTCTCs. Whilst it might have spiked in the early early days it then settled into a funnel of (I think 1-3 mNAV). Likely same story for all other BTCTCs til MSTR proves PE value"  
[X Link](https://x.com/RogueSparhawk/status/1967620055547736572)  2025-09-15T16:02Z [---] followers, [--] engagements


"@Satosophy @EMPD_BTC I'm impressed by Empery. Do you know much about their operating business Tell me about it because it seems tasty like Sequans"  
[X Link](https://x.com/RogueSparhawk/status/1967976682033410263)  2025-09-16T15:39Z [---] followers, [--] engagements


"@Satosophy @EMPD_BTC Nice. My own allocation is simpler with 50% Strategy and 50% Sequans (originally 100% Strategy)"  
[X Link](https://x.com/RogueSparhawk/status/1968050598768709907)  2025-09-16T20:33Z [---] followers, [--] engagements


"@Croesus_BTC @maxkeiser @smarterwebuk I'm not sure track record is as meaningful as bitcoin stack size followed by bitcoin price jump. You've got a great stack so we'll placed but mNAV contraction to [--] will test whether SWC has a model to accumulate whilst under pressure"  
[X Link](https://x.com/RogueSparhawk/status/1969411578672947367)  2025-09-20T14:41Z [---] followers, [---] engagements


"@ZynxBTC @Pledditor It's necessary evil for the evolution to a bitcoin future. A transition step"  
[X Link](https://x.com/RogueSparhawk/status/1978366826774995030)  2025-10-15T07:46Z [---] followers, [--] engagements


"@Croesus_BTC @Danainhawaii @ZynxBTC I don't think that's true. Investors are discerning. PIPE is equivalent to one huge ATM so the fall is dramatic. Whilst the drip drip ATM bleed is slower. Both likely to end up in the same place with mNAV [--] or slightly under UNTIL bitcoin surges again"  
[X Link](https://x.com/RogueSparhawk/status/1978535079832949156)  2025-10-15T18:54Z [---] followers, [--] engagements


"@_Checkmatey_ @J4YKL Thanks that's interesting and I'll consider it carefully. I am hopeful they follow an MSTR story of sorts. MSTR also had 5K BTC at one point and sub [--] mNAV too. Wouldn't share price over-surge when finally BTC surges restarting some of their ATM engines"  
[X Link](https://x.com/RogueSparhawk/status/1979201337842635215)  2025-10-17T15:02Z [---] followers, [--] engagements


"Spoilt for choice MSTR pre Q2 results or Sequans @ near [--] mNAV"  
[X Link](https://x.com/RogueSparhawk/status/1949581079255593220)  2025-07-27T21:22Z [---] followers, [---] engagements


"14 September [----] weekly SQNS update * Tuesday Minneapolis Avnet event * Thursday Car Security Chip Blog * More chip events in Lyon announced for next week * mNAV sits at [----] a 17% discount to [----] BTC held * Price climbs to $0.99 whilst all other BTCTCs contract further"  
[X Link](https://x.com/RogueSparhawk/status/1967000755774087258)  2025-09-13T23:01Z [---] followers, [---] engagements


"21/9/25 weekly SQNS update * [--] Board Directors buy 345K shares * Steve Weeres joins US IoT sales team * Reverse split done - Risk of de-listing gone * Lyon IoT b2b showcase done * $9.84 mNAV [----] discount to BTC [----] held * IoT business is thrown in for free * Josh buys 25000"  
[X Link](https://x.com/RogueSparhawk/status/1969736898852659570)  2025-09-21T12:14Z [---] followers, [----] engagements


"@Satosophy @EMPD_BTC I'm tempted to switch to EMPD if the diluted mNAV truly is the same. Need some expert to do some analysis. The sequans business should turn profitable 2026/2027 so need to wait. Looks like EMPD business generating regular cash"  
[X Link](https://x.com/RogueSparhawk/status/1970858911260725382)  2025-09-24T14:32Z [---] followers, [--] engagements


"📉 Stock Declines from June Highs (as of Sep [--] 2025): SQNS: $58.30 (Jul 14) $9.40 (-83.9%) TSWCF: $9.00 (Jun 20) $1.80 (-80.0%) [----] (Jun 16) [----] (-81.2%) 3350.T: [----] (Jun 19) [---] (-70.9%) PIPE or no pipe 80% falls. http://ALCPB.PA http://ALCPB.PA"  
[X Link](https://x.com/RogueSparhawk/status/1971103142847873401)  2025-09-25T06:43Z [---] followers, [---] engagements


"Sequans and EMPD would be ideal to merge to become the fifth biggest treasury. Both fantastic value with mNAV below [--] and both with promising businesses. @EMPD_BTC @Sequans Top [--] USA Leveraged Bitcoin Equities by BTC holdings: 1) MSTR: [------] 2) XXI (Tether): [-----] 3) BSTR (Tether): [-----] 4) Strive + Semler: [-----] 5) NAKA: [----] 6) ProCap: [----] 7) EMPD: [----] 8) SQNS: [----] 9) FLD: [----] 10) DDC: [----] Top [--] USA Leveraged Bitcoin Equities by BTC holdings: 1) MSTR: [------] 2) XXI (Tether): [-----] 3) BSTR (Tether): [-----] 4) Strive + Semler: [-----] 5) NAKA: [----] 6) ProCap: [----] 7) EMPD: [----] 8) SQNS:"  
[X Link](https://x.com/RogueSparhawk/status/1971132376677057007)  2025-09-25T08:39Z [---] followers, [---] engagements


"Imagine if @Sequans and @EMPD_BTC both currently on sale with sub [--] mNAV were to merge their treasures to become the 5th largest in the USA. Top [--] USA Leveraged Bitcoin Equities by BTC holdings: 1) MSTR: [------] 2) XXI (Tether): [-----] 3) BSTR (Tether): [-----] 4) Strive + Semler: [-----] 5) NAKA: [----] 6) ProCap: [----] 7) EMPD: [----] 8) SQNS: [----] 9) FLD: [----] 10) DDC: [----] Top [--] USA Leveraged Bitcoin Equities by BTC holdings: 1) MSTR: [------] 2) XXI (Tether): [-----] 3) BSTR (Tether): [-----] 4) Strive + Semler: [-----] 5) NAKA: [----] 6) ProCap: [----] 7) EMPD: [----] 8) SQNS: [----] 9) FLD: [----] 10) DDC: 1008"  
[X Link](https://x.com/RogueSparhawk/status/1971136230374113300)  2025-09-25T08:54Z [---] followers, [---] engagements


"28/9/25 weekly SQNS news * EVP Oliver Pauzet gives keynote @ "The Things Conference" Amsterdam * Strive/Semler merger shines spotlight on [--] mNAV treasuries * CEO can't buy as "material non public info" AKA There's news * $9.1 mNAV [----] discount to BTC [----] held IoT biz free"  
[X Link](https://x.com/RogueSparhawk/status/1972048032226250781)  2025-09-27T21:17Z [---] followers, [----] engagements


"If Cory is correct it sounds like Sequans has new news to share which isn't in the public domain yet which can impact on the share price. Therefore the CEO can't currently buy (but otherwise would). Sequans @ rock bottom $$ and incredible value at 0.85mNAV to [----] BTC held @adam3us @CoinCornerDanny @bitcoinhodlco @zakkdev @freddienew @Sequans Presently Georges is restricted from buying due to material non-public information @adam3us @CoinCornerDanny @bitcoinhodlco @zakkdev @freddienew @Sequans Presently Georges is restricted from buying due to material non-public information"  
[X Link](https://x.com/RogueSparhawk/status/1972048622348128625)  2025-09-27T21:20Z [---] followers, [---] engagements


"@BenWerkman @_Checkmatey_ Sequans has two engines. The treasury engine is stalled and needs an uplift in BTC price to restart (also happened to MSTR for years). Second engine is a very promising IoT business which looks to generate good $$$ in 2026/2027 with current mNAV [----] to [----] BTC its on sale"  
[X Link](https://x.com/RogueSparhawk/status/1973758592550580433)  2025-10-02T14:34Z [---] followers, [---] engagements


"5/10/25 SQNS this week * IoT 5g licensing programme launched new revenue incoming creating Engine two * [----] mill ADS buyback plan approved until June [--] to kick-start Engine one * $9.99 - mNAV [----] * 21% sale to BTC [----] held + IoT biz free * Bitcoin surges to all-time high"  
[X Link](https://x.com/RogueSparhawk/status/1974721297847341258)  2025-10-05T06:20Z [---] followers, [---] engagements


"According to the Sequans CEO the BTC treasury alone is worth $15.1 per ADS we're currently at $9.92 which means a 36% upside potential and that doesn't include the semi-conductor business. With the current BTC price our balance sheet reflects $405 million in Bitcoin assets and $189 million in debt. This results in a net value of $216 million or $15.1 per ADS. This does not include the value of our semiconductor business or the remaining cash on the balance sheet. With the current BTC price our balance sheet reflects $405 million in Bitcoin assets and $189 million in debt. This results in a"  
[X Link](https://x.com/RogueSparhawk/status/1975316016399077731)  2025-10-06T21:43Z [---] followers, [----] engagements


"According to the Sequans CEO the BTC treasury alone is worth $15.1 per ADS we're currently at $9.92 which means a 36% upside potential and that doesn't include the semi-conductor business. With the current BTC price our balance sheet reflects $405 million in Bitcoin assets and $189 million in debt. This results in a net value of $216 million or $15.1 per ADS. This does not include the value of our semiconductor business or the remaining cash on the balance sheet. With the current BTC price our balance sheet reflects $405 million in Bitcoin assets and $189 million in debt. This results in a"  
[X Link](https://x.com/RogueSparhawk/status/1975316178999652830)  2025-10-06T21:44Z [---] followers, [---] engagements


"In the hypothetical situation that the market manages to forces pure-plays to mNAV [--] or slightly under which ones have other engines to kick start their business Perhaps Sequans needs a bit more attention"  
[X Link](https://x.com/RogueSparhawk/status/1976230791706444250)  2025-10-09T10:18Z [---] followers, [---] engagements


"I agree with your medium/long-term optimism. In the short-term the pureplays might be pushed to mNAV [--] or silght sub. A less risky option would be Sequans because it has a secondary engine in it's IoT chips business and mNAV is already super compressed to around [----] right now"  
[X Link](https://x.com/RogueSparhawk/status/1976564539895202195)  2025-10-10T08:24Z [---] followers, [---] engagements


"12/10/25 SQNS this week * [--] BTC buy confirmed (Mon) * Alpha micro components showcases Sequans tech at Engineering Design Show in Coventry (Wed-Thu) * Fully de-risked $8.65 - mNAV [----] * 23% sale to BTC [----] held + IoT biz free * mNAV of other key BTCTCs trends negative"  
[X Link](https://x.com/RogueSparhawk/status/1977368429083390419)  2025-10-12T13:39Z [---] followers, [---] engagements


"12/10/25 SQNS this week * [--] BTC buy confirmed (Mon) * Alpha micro components showcases Sequans tech at Engineering Design Show in Coventry (Wed-Thu) * Fully de-risked $8.65 - mNAV [----] * 23% sale to BTC [----] held + IoT biz free * mNAV of other key BTCTCs trends negative"  
[X Link](https://x.com/RogueSparhawk/status/1977368644586807685)  2025-10-12T13:39Z [---] followers, [---] engagements


"In a sea of red there are green shoots for BTC MSTR and Sequans"  
[X Link](https://x.com/RogueSparhawk/status/1977804786205683742)  2025-10-13T18:33Z [---] followers, [---] engagements


"@hillery_dan How about fully diluted 0.81mNAV for Sequans with an IoT chips business that's promising for 2026/2027"  
[X Link](https://x.com/RogueSparhawk/status/1978105537213399457)  2025-10-14T14:28Z [---] followers, [----] engagements


"Brady and the Sequans CEO Georges will be on Spaces for a live interview and Q&A later today Hope to see you tomorrow: https://t.co/oPJp8oMUMv Hope to see you tomorrow: https://t.co/oPJp8oMUMv"  
[X Link](https://x.com/RogueSparhawk/status/1978392282530189657)  2025-10-15T09:27Z [---] followers, [---] engagements


"@ChrisMMillas Correct this should be expected as was the MSTR way also. They'll reignite when BTC price upgrades significantly OR if they have a separate engine. like Sequans"  
[X Link](https://x.com/RogueSparhawk/status/1978413459382382782)  2025-10-15T10:51Z [---] followers, [--] engagements


"@Swan @grok can you review the recording and summarise key points in a tweet"  
[X Link](https://x.com/RogueSparhawk/status/1978734040023712235)  2025-10-16T08:05Z [---] followers, [--] engagements


"In the last month Capital B has dropped 43% Smarter Web has dropped 36% MetaP has dropped 30% Sequans has dropped 17% mNAV floating around [--] for the first three and 0.79mNAV for Sequans"  
[X Link](https://x.com/RogueSparhawk/status/1978760943455650271)  2025-10-16T09:52Z [---] followers, [----] engagements


"We're down with the other BTCTCs this month but lower risk and better prospects with IoT engine coming online in [----]. In the last month Capital B has dropped 43% Smarter Web has dropped 36% MetaP has dropped 30% Sequans has dropped 17% mNAV floating around [--] for the first three and 0.79mNAV for Sequans. https://t.co/oHX7qCHydy In the last month Capital B has dropped 43% Smarter Web has dropped 36% MetaP has dropped 30% Sequans has dropped 17% mNAV floating around [--] for the first three and 0.79mNAV for Sequans. https://t.co/oHX7qCHydy"  
[X Link](https://x.com/RogueSparhawk/status/1978761461007536209)  2025-10-16T09:54Z [---] followers, [---] engagements


"Broker covers Sequans"  
[X Link](https://x.com/RogueSparhawk/status/1978902906431566263)  2025-10-16T19:16Z [---] followers, [---] engagements


"Bitcoin vs the treasuries over the last month. Will it be more of the same next [--] months"  
[X Link](https://x.com/RogueSparhawk/status/1979475215714308160)  2025-10-18T09:10Z [---] followers, [---] engagements


"Unpopular opinion: Treasuries' PIPE or ATM led to same short-term outcomemNAV compression to [--]. PIPE: one dose. ATM: slow bleed. Now await BTC engine restart. Some treasuries have backup ops engine"  
[X Link](https://x.com/RogueSparhawk/status/1981296525708857361)  2025-10-23T09:47Z [---] followers, [---] engagements


"Great analysis and discussion. However one dose PIPE or slow bleed ATM have arrived at the same end-point. Dramatic mNAV compression loss of shareholder value in the order of 70-90%. The pure-plays have one engine to restart dependent upon Bitcoin price resurgence. The ones with businesses have another. Sequans IoT chips second engine starts in 2026"  
[X Link](https://x.com/RogueSparhawk/status/1981628152586678314)  2025-10-24T07:45Z [---] followers, [--] engagements


"Folks the rumours is Sequans has moved some BTC. possibly sold some BTC for buy backs. If this is the case they'll be following their own strategy and not the accumulate at all costs model of Michael. Did $SQNS just dump [---] BTC @coryklippsten @CitizenBitcoin @skwp https://t.co/wbh4VjLfwJ Did $SQNS just dump [---] BTC @coryklippsten @CitizenBitcoin @skwp https://t.co/wbh4VjLfwJ"  
[X Link](https://x.com/RogueSparhawk/status/1983252351558230469)  2025-10-28T19:19Z [---] followers, [----] engagements


"Possibly Sequans has sold circa $100 million of BTC for share buy backs for better or for worse. Update: They sent the [---] $BTC ($110M) to Coinbase Prime. This is Sequan's first sale since they acquired the Bitcoin Treasury Strategy https://t.co/IkzNBAHUef Update: They sent the [---] $BTC ($110M) to Coinbase Prime. This is Sequan's first sale since they acquired the Bitcoin Treasury Strategy https://t.co/IkzNBAHUef"  
[X Link](https://x.com/RogueSparhawk/status/1983253095023829140)  2025-10-28T19:22Z [---] followers, [---] engagements


"This is why all the BTC treasuries will be fine in the medium/long term. The CFO who adds Bitcoin may look reckless today. The one who doesnt will look foolish tomorrow. The CFO who adds Bitcoin may look reckless today. The one who doesnt will look foolish tomorrow"  
[X Link](https://x.com/RogueSparhawk/status/1983563359803920487)  2025-10-29T15:55Z [---] followers, [---] engagements


"Sequans CEO explains actions @AbsentYear @coryklippsten We couldnt start the buyback as we were restricted until earnings. Selling btc to redeem 50% of the debt helps on [--] main fronts: 1) reduce debt to NaV ratio ie able to issue Pref to buy btc that wont be locked in collateral and 2) have free btc that gives ability to buyback @AbsentYear @coryklippsten We couldnt start the buyback as we were restricted until earnings. Selling btc to redeem 50% of the debt helps on [--] main fronts: 1) reduce debt to NaV ratio ie able to issue Pref to buy btc that wont be locked in collateral and 2) have free"  
[X Link](https://x.com/RogueSparhawk/status/1985837824223146168)  2025-11-04T22:33Z [---] followers, [---] engagements


"Weekly SQNS update 9/11/2025 Weekly SQNS update Big news was bold/brave confirmation that [---] BTC was sold from the treasury to pay off debt. CEO confirms this means: * debt to NaV ratio optimised * prefs now possible * buyback of up to 50% of shares possible * mNAV [----] $6.76 BTC2264 https://t.co/T2d0BK2NA5 9/11/2025 Weekly SQNS update Big news was bold/brave confirmation that [---] BTC was sold from the treasury to pay off debt. CEO confirms this means: * debt to NaV ratio optimised * prefs now possible * buyback of up to 50% of shares possible * mNAV [----] $6.76 BTC2264 https://t.co/T2d0BK2NA5"  
[X Link](https://x.com/RogueSparhawk/status/1987527492941259255)  2025-11-09T14:27Z [---] followers, [---] engagements


"Proof of work"  
[X Link](https://x.com/RogueSparhawk/status/1991408899673739539)  2025-11-20T07:30Z [---] followers, [--] engagements


"@ZynxBTC That's needed for the other part of the business for now. SQNS projected to break even in [----]. Maybe they should put it into STRC for now. However there's also a lot of value locked in the IP for 5G which they are looking to monetise as they pivot to being a full treasury"  
[X Link](https://x.com/RogueSparhawk/status/1960363469594570847)  2025-08-26T15:27Z [---] followers, [--] engagements


"@_Checkmatey_ @J4YKL Your frank advice is appreciated. Keep it up. Do you see a time when the the newer TCos become a compelling investment having bottomed"  
[X Link](https://x.com/RogueSparhawk/status/1979197583869325415)  2025-10-17T14:47Z [---] followers, [--] engagements


"9/11/2025 Weekly SQNS update Big news was bold/brave confirmation that [---] BTC was sold from the treasury to pay off debt. CEO confirms this means: * debt to NaV ratio optimised * prefs now possible * buyback of up to 50% of shares possible * mNAV [----] $6.76 BTC2264"  
[X Link](https://x.com/RogueSparhawk/status/1987526595364495846)  2025-11-09T14:24Z [---] followers, [---] engagements


"@intangiblecoins @mattyglesias Venezuela literally has a new President in Delcy Rodriguez who defies the invasion and mobilising a grass-roots rebellion against oil-raiders"  
[X Link](https://x.com/RogueSparhawk/status/2008065035441148260)  2026-01-05T06:36Z [---] followers, [--] engagements


"This will hopefully be as glorious as the resurgence of Bitcoin and Microstrategy in the New Year. God willing. First Monday of the year ❄ New week new work year starting it all with grace confidence and joy. Ilaria Dentella setting the tone. ⛸ Good morning. https://t.co/ftdTMj2IMy First Monday of the year ❄ New week new work year starting it all with grace confidence and joy. Ilaria Dentella setting the tone. ⛸ Good morning. https://t.co/ftdTMj2IMy"  
[X Link](https://x.com/RogueSparhawk/status/2008134220536013155)  2026-01-05T11:11Z [---] followers, [---] engagements


"@gpatrickhubbard Also timing. August holidays makes it easy for shorts to take control. They'll be flushed in September"  
[X Link](https://x.com/RogueSparhawk/status/1955976170589036953)  2025-08-14T12:53Z [---] followers, [--] engagements


"19/10/25 SQNS this week * Tough week for all BTCTCs * Share price sits at $7.45 with mNAV [----] * CEO believes fair value is $15 (200%) * B Riley covers BUY target of $13 (170%) * 21% sale to just BTC [----] held IoT biz free * CEO hosts spaces call with Swan's Brady"  
[X Link](https://x.com/RogueSparhawk/status/1979879548767588714)  2025-10-19T11:57Z [---] followers, [----] engagements


"26/10/25 SQNS this week * Chopsolidation continues. * Share price sits at $7.07 with mNAV [----] * 25% sale to BTC [----] held IoT biz free * New global chip makes it easier cheaper and faster for companies to build smart gadgets that work all over the world. https://sequans.com/introducing-gc02s1-ww-one-module-global-reach/ https://sequans.com/introducing-gc02s1-ww-one-module-global-reach/"  
[X Link](https://x.com/RogueSparhawk/status/1982669364353491234)  2025-10-27T04:43Z [---] followers, [----] engagements


"2/11/25 SQNS this week * Share price sits at $7.34 with mNAV [----] * 23% sale to BTC [----] held IoT assets free * Sequans teams at IoT Enlit Europe event with Thales and UBBA event * Q3 results out Tuesday 4th Nov https://sequans.com/sequans-announces-conference-call-to-review-third-quarter-2025-results/ https://sequans.com/sequans-announces-conference-call-to-review-third-quarter-2025-results/"  
[X Link](https://x.com/RogueSparhawk/status/1985128739223519631)  2025-11-02T23:35Z [---] followers, [----] engagements


"SQNS buys back 5% of shares at below mNAV [--] to increase BTC per share. Sequans becomes the first treasury to initiate a share buy back https://t.co/bvH7ZyY8T4 Sequans becomes the first treasury to initiate a share buy back https://t.co/bvH7ZyY8T4"  
[X Link](https://x.com/RogueSparhawk/status/1991109621470417177)  2025-11-19T11:41Z [---] followers, [---] engagements


"Bitcoin microstrategy and other treasuries were unloved and sold [----]. God willing [----] brings a resurgence"  
[X Link](https://x.com/RogueSparhawk/status/2008171778997211452)  2026-01-05T13:40Z [---] followers, [---] engagements


"Any UK holders of STRK Are the payouts free of US withholding tax"  
[X Link](https://x.com/RogueSparhawk/status/2008629340309790818)  2026-01-06T19:58Z [---] followers, [---] engagements


"Exciting proof of work"  
[X Link](https://x.com/RogueSparhawk/status/2012109032132419592)  2026-01-16T10:25Z [---] followers, [---] engagements


"@ZynxBTC @hillery_dan I'm in the UK and very interested in STRK. I'm kicking myself I didn't switch MSTR to STRK [--] months ago. What would be helpful to know is if US withholding tax is charged by the provider and how the provider deals with the $ conversion"  
[X Link](https://x.com/RogueSparhawk/status/2012173669632561409)  2026-01-16T14:42Z [---] followers, [---] engagements


"@Mel_Hikes @80s_Kidz There needs to be a princess of power"  
[X Link](https://x.com/RogueSparhawk/status/2014671418772869339)  2026-01-23T12:07Z [---] followers, [--] engagements


"Reform UK gains legitimacy through the acquisition of Conservative old-guard and will soon replace the Conservatives as the main rival of the Labour party. To complete the breakthrough they need @trussliz Liz would bring to #ReformUK #Reform the mass appeal which is missing with Braverman and Jenrick Liz was the popular vote of the people of the conservative party and likely the country. https://twitter.com/i/web/status/2015809465904230821 https://twitter.com/i/web/status/2015809465904230821"  
[X Link](https://x.com/RogueSparhawk/status/2015809465904230821)  2026-01-26T15:30Z [---] followers, [--] engagements


"Smarties outperforming [--] day performance of Sequans Smarter MSTR and Strive https://t.co/tvTrXQ6BnX [--] day performance of Sequans Smarter MSTR and Strive https://t.co/tvTrXQ6BnX"  
[X Link](https://x.com/RogueSparhawk/status/2011548896196247689)  2026-01-14T21:20Z [---] followers, [---] engagements


"Sequans tripped badly at the start of their BTC treasury adventure. However of the treasuries they are now best for: [--]. leverage at 30-33% [--]. risk as lowest mNAV at [----] [--]. potential with second IoT chips engine coming online 2026/2027 Fortune favours the bold. NFA"  
[X Link](https://x.com/RogueSparhawk/status/1988606017752723951)  2025-11-12T13:53Z [---] followers, [--] engagements


"Sequans weekly update 16/11/25 SQNS news * Sentiment around BTC and all treasuries at rock bottom this week * Sequans well placed for [----] recovery * Solid noises from IoT business * mNAV rises to [----] - 17% discount to [----] BTC held * Debt ratio optimised for buy backs and pref options https://t.co/lgrKvoz6mT 16/11/25 SQNS news * Sentiment around BTC and all treasuries at rock bottom this week * Sequans well placed for [----] recovery * Solid noises from IoT business * mNAV rises to [----] - 17% discount to [----] BTC held * Debt ratio optimised for buy backs and pref options"  
[X Link](https://x.com/RogueSparhawk/status/1990118107881369797)  2025-11-16T18:01Z [---] followers, [---] engagements


"mNAV of swc has compressed to [----] whilst for sqns it sits at [----]. Both are discounted to the value of their BTC treasuries by over 15%. The time is now. NFA"  
[X Link](https://x.com/RogueSparhawk/status/1992835178406817980)  2025-11-24T05:58Z [---] followers, [---] engagements


"Key treasury performance over the last month. All BTCs engines recharging but Sequans second IoT engine coming online"  
[X Link](https://x.com/RogueSparhawk/status/1996653975186374982)  2025-12-04T18:52Z [---] followers, [---] engagements


"1 month performance. Sequans outperforms key treasuries with its second IoT engine"  
[X Link](https://x.com/RogueSparhawk/status/1998462610568589373)  2025-12-09T18:39Z [---] followers, [---] engagements


"Smarties and Sequans both catching some tailwind today"  
[X Link](https://x.com/RogueSparhawk/status/1998463004506005995)  2025-12-09T18:41Z [---] followers, [---] engagements


"Sequans one of the strongest treasuries right now $SQNS gotta be the most bullish case i'v seen from a BTCTC/LBE right now. Selling $BTC at the right time (mostly luck) to buyback stocks at even lower prices results in a very good tailwind when bitcoin pumps again. Not to mention the Tax-loss harvesting that happens since $SQNS gotta be the most bullish case i'v seen from a BTCTC/LBE right now. Selling $BTC at the right time (mostly luck) to buyback stocks at even lower prices results in a very good tailwind when bitcoin pumps again. Not to mention the Tax-loss harvesting that happens since"  
[X Link](https://x.com/RogueSparhawk/status/1998463563594076482)  2025-12-09T18:43Z [---] followers, [---] engagements


"3x current value buy rating for Sequans"  
[X Link](https://x.com/RogueSparhawk/status/1999308303726510136)  2025-12-12T02:40Z [---] followers, [---] engagements


"Sequans rocking at CES - bitcoin engine and iOT engine coming online. Exciting proof of work https://t.co/xaB9v6QkHQ Exciting proof of work https://t.co/xaB9v6QkHQ"  
[X Link](https://x.com/RogueSparhawk/status/2012111146824745099)  2026-01-16T10:34Z [---] followers, [---] engagements

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