French semiconductor company 'Sequans Communications' embarks on Bitcoin accumulation... Raises $384 million
Summary
- Sequans Communications announced it will adopt a Bitcoin treasury strategy.
- The company stated it will raise $384 million for Bitcoin accumulation by issuing stocks and convertible bonds.
- Management emphasized their belief that Bitcoin can enhance value as a long-term investment and strengthen financial resilience.
More and more companies are implementing Bitcoin (BTC) treasury strategies each day. The France-based semiconductor company Sequans Communications (hereinafter 'Sequans') is joining the ranks of those accumulating Bitcoin.
On the 23rd (local time), Sequans announced via its official statement that it will raise $384 million to hold Bitcoin in reserve.
Specifically, Sequans plans to raise $195 million through a stock offering and $189 million through the issuance of convertible bonds.
To execute this strategy, Sequans also plans to form a partnership with the Bitcoin treasury company Swan Bitcoin.
Georges Karam, CEO of Sequans, stated, "Our Bitcoin financial strategy reflects our strong conviction that Bitcoin is the premier asset and an attractive long-term investment," adding, "We believe Bitcoin's unique characteristics will enhance our financial resilience and deliver significant value to our shareholders."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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