Sequans, a US-listed company, announced that it received a strategic investment of US$384 million and will launch a Bitcoin Treasury plan

Odaily News According to official news, Sequans Communications SA (NYSE: SQNS), a developer and supplier of 5G/4G IoT semiconductors and modules, announced today that it will launch a Bitcoin Treasury plan, marking its strategic expansion beyond its core cellular IoT semiconductor business. To advance the plan, the company has reached an agreement to issue and sell approximately $195 million in equity securities and $189 million in principal convertible secured bonds through private placement, with a total financing scale of approximately $384 million.