US-listed company Sequans announces $384 million strategic investment and will launch a Bitcoin treasury program

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