Sequans Communications, listed in the US, announces Bitcoin reserve strategy…worth $384 million
Son Min
Summary
- Nasdaq-listed Sequans Communications officially announced a Bitcoin reserve strategy.
- The company stated it plans to raise a total of $384 million through the issuance of equity securities and convertible secured bonds.
- The CEO emphasized that Bitcoin could help enhance financial stability and increase shareholder value.
Sequans Communications, a Nasdaq-listed company specializing in 5G and 4G IoT semiconductor and module development, has announced a financial strategy involving $384 million in Bitcoin (BTC) reserves.
On the 23rd (local time), Sequans Communications stated on its official website, "We plan to join the Bitcoin reserve strategy," and added, "To this end, we intend to raise a total of $384 million." The funds will be raised by issuing $195 million in equity securities and $189 million in convertible secured bonds.
Georges Karam, CEO of Sequans, stated, "Bitcoin is one of the most attractive long-term investment vehicles," and added, "We believe that Bitcoin will strengthen our financial stability and increase shareholder value."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
