[Sequans Announces $200 Million Equity Plan to Accelerate Bitcoin Reserve Strategy] Golden Finance reports that French semiconductor and IoT company Sequans Communications (NYSE: SQNS) has announced the establishment of an "At The Market" (ATM) equity issuance plan. The company can issue American Depositary Shares (ADS), each representing 10 ordinary shares, at any time based on market conditions, with a total amount of up to $200 million. Sequans stated that this plan will serve as the first phase tool for its Bitcoin reserve strategy, with the funds raised expected to be primarily used to continue purchasing Bitcoin to support the company's long-term reserve strategy.