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The US-listed company Sequans announced a strategic investment of $384 million and will launch a Bitcoin treasury program.
On June 23, according to official news, 5G/4G internet of things semiconductor and module developer and supplier Sequans Communications S.A. (NYSE: SQNS) announced today that it will launch a Bitcoin treasury plan, marking its strategic expansion beyond its core cellular internet of things semiconductor business. To advance this plan, the company has reached an agreement to issue and sell approximately $195 million of equity securities and $189 million principal of convertible secured bonds through a private sale, with a total financing scale of approximately $384 million.