Listed company Sequans announced that it received $384 million in strategic investment and will launch a Bitcoin treasury plan

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According to ChainCatcher, Sequans Communications S.A. (NYSE: SQNS), a 5G/4G IoT semiconductor and module developer and supplier, today announced the launch of a Bitcoin treasury plan, marking a strategic expansion beyond its core cellular IoT semiconductor business.

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

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