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