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Sequans Communications S.A. (NYSE: SQNS) is betting big on bitcoin with a new treasury initiative. The company will issue approximately $384 million in equity and convertible secured debentures to support the plan, signaling its strong belief in bitcoin as a long-term strategic asset.
Chief Executive Georges Karam said bitcoin enhances financial strength and offers substantial value for shareholders. Sequans will work closely with Swan Bitcoin to implement its bitcoin strategy and manage its treasury effectively.
Despite this bold move, Sequans remains committed to its core business of 4G and 5G IoT semiconductors. It continues to invest in next-generation cellular IoT solutions as it integrates bitcoin into its treasury operations, expanding its financial playbook without losing focus on innovation and customer needs.
