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![AdamHewittBTC Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::273239599.png) Adam Hewitt [@AdamHewittBTC](/creator/twitter/AdamHewittBTC) on x 1655 followers
Created: 2025-07-23 22:23:22 UTC

@Sequans $sqns is trading at 1.6-1.7 mNav but it’s not easily known.

Market cap fully diluted including all warrants etc is 295m shares x $2.33/share price = $685m

Cash left from financing round not deployed yet approx $125m

Btc current holdings - 2317
After next purchase: 3400-3500

Authorized to sell up to X billion shares

No plan yet announced which is probably the reason for very low valuation.

@Swan @coryklippsten @BenWerkman - 

Any idea when @Sequans btc treasury plan will be announced?


XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1948146951284777206/c:line.svg)

**Related Topics**
[fmc](/topic/fmc)
[$125m](/topic/$125m)
[$685m](/topic/$685m)
[$233share](/topic/$233share)
[stocks](/topic/stocks)
[market cap](/topic/market-cap)
[$sqns](/topic/$sqns)
[sequans](/topic/sequans)

[Post Link](https://x.com/AdamHewittBTC/status/1948146951284777206)