๐จ ๐ฆ๐ฒ๐พ๐๐ฎ๐ป๐ ๐ง๐ผ ๐๐๐ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ช๐ถ๐๐ต $๐ฏ๐ด๐ฐ๐ โ ๐๐ถ๐ด ๐๐ผ๐ฟ๐ฝ๐ผ๐ฟ๐ฎ๐๐ฒ ๐ ๐ผ๐๐ฒ!
๐ผ Sequans Communications, a tech company focused on semiconductors and IoT, is planning to invest $384 million in Bitcoin as part of its new treasury strategy.
๐น The money will be raised through:
$195M from selling new shares
$189M in convertible debt (can turn into shares later)
๐ค Sequans is teaming up with Swan Bitcoin, a firm that helps companies manage Bitcoin treasuries.
๐ฃ๏ธ CEO Georges Karam said the company believes Bitcoin is a strong long-term asset.
๐ Companies Are Rushing Into BTC
Metaplanet just added 1,111 BTC
Nakamoto Holdings raised $51.5M for Bitcoin
Over 240 companies now hold BTC, nearly double from just weeks ago
Together, they own ~4% of total BTC supply
๐ Expert Opinion
๐ง Bitcoin pioneer Adam Back said itโs time to move away from altcoins and focus on BTC, calling this trend the "new alt-season" โ but for Bitcoin.
๐ข Big Tech Still Not In
Companies like Amazon, Meta, and Microsoft are still cautious, avoiding Bitcoin due to volatility and regulation concerns.
๐ฅ MicroStrategy (Now "Strategy") Leads the Pack
They hold over 592,000 BTC worth $60B, showing how serious corporate Bitcoin adoption is getting.
๐ Bottom Line:
Sequans is the latest to bet big on Bitcoin, joining a fast-growing list of firms using crypto as a long-term financial strategy.