Sequans Announces $384M Strategic Investment to Launch Bitcoin Treasury Initiative
June 23, 2025 6:05 AM EDT | Source: Sequans Communications
Paris, France–(Newsfile Corp. – June 23, 2025) – Sequans Communications S.A. (NYSE: SQNS) (“Sequans” or the “Company”), a leading developer and provider of 5G/4G IoT semiconductors and modules, today announced it is establishing a bitcoin treasury initiative, marking a strategic expansion alongside its core semiconductor cellular IoT business.
To implement this initiative, the Company has agreed to issue and sell approximately $195 million in equity securities and $189 million in principal amount of convertible secured debentures, for total gross proceeds of approximately $384 million, through private placement offerings.
“Our bitcoin treasury strategy reflects our…
