In the quiet, mundane corridors of July, a storm brewed—one that no crystal ball could clearly predict. {Sigh} The once-glittering promises of Sequans and its ilk, those brave souls daring to tether their fortunes to Bitcoin, now lie tattered like a moth-eaten coat. Seventy-five percent? That’s a whole lot of pride, lost in the wind. And for what? An experiment, a gamble, or perhaps just a cosmic joke played by the market gods.
Imagine, if you will, Sequans, a proud semiconductor manufacturer hailing from Paris, once peering confidently into the future, only to find its stock price plunging faster than a soufflé in an open oven. Their audacious partnership with Swan, raising a hefty $384 million—more than MicroStrategy’s modest step—now echoes back as a ghost of capitulation. Investors expected a gold mine; instead, they got a landslide.
Ben Werkman, the charismatic wizard behind the curtain, spoke of new horizons—”Bitcoin treasury companies change everything.” A bit poetic, perhaps, but on the ground, the numbers tell another story: a dizzy leap from $1.43 to $5.39, then a swift nosedive to $1.3. Coincidence? Well, the crypto world, like a drunken sailor, often stumbles into these chaotic crashes, and Galaxy Digital’s moves didn’t help—more BTC hopping around, adding chaos to the carnival.
Oh, and the market’s timing! While Bitcoin skyrocketed to a dizzying $123,091 on July 14th, our dear Sequans bought in, oh, around $119,000—just over the line of euphoria into the abyss. Classic case of trying to catch a falling star, but instead, catching a cold. 🤦♂️
Meanwhile, the quarterly report comes down like a wet blanket—$9.1 million lost, margins slipping from a grand 84% to a mere 64%. Personal favorites: revenue up 59%, but licenses down—that’s what you call living on the edge. The company dreams of breaking even in 2026, perhaps praying to the Bitcoin gods for mercy. 💸
Other hapless Treasury Titans
This isn’t a one-hit wonder. Other treasure companies, brave or foolish enough to follow, also suffered. Nakamoto, Jack Maller’s 21 Capital, and French wannabes—each took hefty hits, some over 50%. It’s a veritable bloodbath, the kind you’d see only in gothic novels or a bad soap opera.
When in doubt, zoom out, they say. But that’s little comfort when your stocks are shriveling like a raisin in the sun. And the market? Still a drunken revel, lurching from high to low, leaving investors clutching their pearls and wondering whether this rollercoaster will ever stop.
So, what does all this chaos whisper to us? Perhaps that betting big on Bitcoin’s treasury is as reliable as a paper umbrella in a hurricane. Or maybe it’s just the universe’s way of reminding us—money, like love, is a game of risks, and sometimes you end up with a nose full of dirt. Stay tuned, dear reader. The show, as they say, must go on. 😉
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2025-07-31 22:13