Sequans Communications Raises $384 Million to Purchase Bitcoin
2025-07-09 07:45:37
Main Idea
Sequans Communications, a French semiconductor company, raised $384 million in a private placement to purchase bitcoin and partnered with Swan Bitcoin for its bitcoin treasury strategy.
Key Points
1. Sequans Communications (NYSE: SQNS) closed a $384 million private placement offering.
2. The proceeds will be used to buy bitcoin.
3. The company has partnered with Swan Bitcoin, a U.S.-based bitcoin-focused wealth management firm.
4. CEO Georges Karam expressed excitement about executing the bitcoin treasury strategy and creating long-term value.
Description
Sequans Communications (NYSE: SQNS), a French semiconductor company, announced on Tuesday that it has successfully closed a $384 million private placement offering and will use the proceeds to buy bitcoin. Sequans has also struck a partnership with U.S.-based Swan Bitcoin, a financial services firm that specializes in bitcoin-focused wealth management. Swan will assist Sequans with
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