Sequans plans to raise $384 million for a Bitcoin treasury, reflecting a growing trend among companies to adopt digital assets as a strategic investment.
Sequans Communications announced a plan to raise $384 million to establish a Bitcoin treasury, with CEO Georges Karam emphasizing Bitcoin as a long-term investment. The capital will be raised through $195 million in equity securities and $189 million in convertible secured debentures, with Swan Bitcoin assisting in the strategy. Shares rose 14% in pre-market trading, and Bitcoin is currently priced around $101,000.