PANews reported on July 8 that French 5G/4G IoT semiconductor company Sequans Communications announced the successful completion of a total of $384 million in debt and equity private placement financing, with all net proceeds used to purchase Bitcoin, officially launching its Bitcoin reserve strategy. This move reflects Sequans' strong confidence in Bitcoin as a quality asset and its long-term investment value. The company plans to continue purchasing Bitcoin in the future using surplus cash generated from its core business and new funds, and will collaborate with the Swan Bitcoin platform to ensure secure execution, regulatory compliance, and market transparency.
Last month, Sequans announced that it would raise $384 million through a private placement to launch a Bitcoin reserve program.