On June 23rd, according to the official announcement, Sequans Communications S.A. (NYSE: SQNS) – a company developing and providing semiconductor chips, 5G/4G modules for IoT (Internet of Things) – has announced the implementation of a plan to hold Bitcoin in its Treasury, marking a strategic shift beyond its core business of mobile semiconductor chips for IoT.
To implement this plan, Sequans has reached an agreement to issue and sell equity securities worth approximately 195 million USD, along with secured convertible bonds worth 189 million USD through a private placement. The total Capital raised from this transaction reaches approximately 384 million USD.
Sequans' plan to invest in Bitcoin is seen as a strategic move to optimize cash flow, diversify held assets, and align with the modern financial trend – where an increasing number of listed companies are publicly choosing Bitcoin as part of their long-term asset reserve strategy.
