Sequans Communications, a French firm specializing in 5G and IoT semiconductor technology, is entering the Bitcoin space with a significant treasury initiative, which involves a $384 million private placement. This funding consists of $195 million in equity and $189 million in convertible secured notes, aimed at establishing a Bitcoin position within the company's existing operations. Partnering with Swan Bitcoin for treasury management, Sequans affirms its commitment to supporting IoT needs while highlighting Bitcoin's potential to enhance financial resilience and shareholder value.
"Our Bitcoin treasury strategy reflects our strong conviction in Bitcoin as a premier asset and a compelling long-term investment," said Georges Karam, CEO of Sequans.
To guide its treasury strategy, Sequans is partnering with Swan Bitcoin, a U.S.-based firm specializing in Bitcoin custody, institutional liquidity, and investment strategy.
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