CoinWorld reported that French semiconductor and IoT company Sequans Communications (NYSE: SQNS) announced the establishment of an 'At The Market' (ATM) equity issuance program, allowing the company to issue American depositary shares at any time based on market conditions, with each share representing 10 shares of common stock, for a maximum total of 200 million USD. Sequans stated that this program will serve as a tool for the first phase of its bitcoin reserve strategy, with the funds expected to be mainly used for continued purchases of bitcoin to support the company's long-term reserve strategy.