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Sequans Communications has secured $384 million through a private debt and equity offering backed by over 40 institutional investors. The funds will kickstart the company’s bitcoin treasury initiative marking a bold step into digital assets.
The company will use all net proceeds to purchase bitcoin and fund corporate activities tied to the initiative. The offering included 139 million American Depositary Shares priced at $1.40 each and secured convertible debentures worth $189 million. These are set to convert at $2.10 per ADS bringing the total raised to $376 million with potential for an extra $57.6 million if all warrants are exercised.
CEO Georges Karam stated the move strengthens Sequans’ financial resilience and aims to deliver long-term value. Sequans is partnering with Swan Bitcoin to ensure secure execution and transparent operations. This strategic pivot signals growing corporate interest in bitcoin as a store of value and a treasury asset.
