#CryptoScamSurge Sequans Communications S.A. (SQNS) has entered into a strategic agreement with Swan Bitcoin to implement its Bitcoin treasury strategy, according to a statement issued by the company. The cellular IoT semiconductor company plans to utilize Swan's consulting services to design the treasury and structure the custody and ongoing management of its Bitcoin holdings.

Sequans has closed a strategic investment of $384 million through convertible debt and equity to finance its plan to accumulate Bitcoin. The company aims to acquire over 3,000 Bitcoins using the proceeds from this investment. Three Bitcoin purchases have been completed.