Sequans Introduces $384M Bitcoin Treasury Initiative with Swan Bitcoin Collaboration

Sequans Communications, a France-based designer of 5G and IoT semiconductor innovation, has revealed a move into Bitcoin with a new treasury initiative backed by a $384 million private placement. The funding includes $195 million in equity securities and $189 million in convertible protected notes. Sequans plans to allocate this capital toward developing a Bitcoin position […] This post Sequans Releases $384M Bitcoin Treasury Initiative with Swan Bitcoin Collaboration initially appeared on Bitcoin Publication and is written by Jenna Montgomery.

Sequans Communications, a France-based developer of 5G and IoT semiconductor technology, has actually announced a move into Bitcoin with a new treasury initiative backed by a $384 million private placement. “Our Bitcoin treasury strategy reflects our strong conviction in Bitcoin as a leading asset and a compelling long-term investment,” said Georges Karam, CEO of Sequans. To direct its treasury strategy, Sequans is partnering with Swan Bitcoin, a U.S.-based company specializing in Bitcoin custody, institutional liquidity, and investment strategy.

Sequans Communications, a France-based designer of 5G and IoT semiconductor technology, has actually announced a move into Bitcoin with a new treasury initiative backed by a $384 million private placement. “Our Bitcoin treasury strategy reflects our strong conviction in Bitcoin as a leading asset and a compelling long-term investment,” said Georges Karam, CEO of Sequans. To direct its treasury strategy, Sequans is partnering with Swan Bitcoin, a U.S.-based firm specializing in Bitcoin custody, institutional liquidity, and investment strategy.