The listed company Sequans announced a strategic investment of $384 million and will launch a Bitcoin treasury program

ChainCatcher news, according to official sources, 5G/4G IoT semiconductor and module developer and supplier Sequans Communications S.A. (NYSE: SQNS) announced today that it will launch a Bitcoin treasury program, marking its strategic expansion beyond its core cellular IoT semiconductor business.

To advance this plan, the company has reached an agreement to privately issue and sell approximately $195 million in equity securities and $189 million in principal of convertible secured bonds, with a total financing scale of approximately $384 million.