Sequans, a US listed company, announced a strategic investment of $384 million and will launch a Bitcoin treasury plan

BlockBeats News: On June 23rd, according to official sources, Sequans Communications S.A. (NYSE: SQNS), a developer and supplier of 5G/4G IoT semiconductors and modules, announced today that it will launch the Bitcoin Treasury program, marking its strategic expansion beyond its core cellular IoT semiconductor business. To advance the plan, the company has reached an agreement to issue and sell approximately $195 million worth of equity securities and $189 million worth of convertible secured bonds through private placement, with a total financing scale of approximately $384 million.