The post Sequans seeks to revive business with $384 million Bitcoin treasury plan appeared on BitcoinEthereumNews.com.

Sequans Communications S.A., a France-based semiconductor firm specializing in 4G and 5G Internet of Things (IoT) technologies, announced Monday it intends to raise approximately $384 million through private placements in equity and convertible debt, to fund a Bitcoin treasury. According to a press statement from the company, the funding round comes alongside a partnership with Swan Bitcoin, a US-based Bitcoin investment and treasury management platform. Equity and debt placement terms finalized Sequans has reportedly entered into definitive agreements to issue around $195 million in equity and $189 million in secured convertible debentures. The combined gross proceeds will total approximately $384 million. The funding will be raised through two separate private placements, one for equity and one for debt. The equity component includes the sale of approximately 1.39 billion ordinary shares, equivalent to 139.3 million American Depositary Shares (ADSs), along with common warrants exercisable within 90 days.  The securities are priced at a combined $1.40 per ADS and warrant, or $0.14 per ordinary share and warrant. In total, this tranche is expected to raise $195 million. “The debt portion includes secured convertible debentures amounting to $189 million and additional common warrants for roughly 202.5 million ordinary shares, also exercisable within 90 days of closing,” the statement read. Companies seek crypto holdings expansion According to Sequans CEO Georges Karam, the Bitcoin treasury strategy is a long-term bet on the potential of the digital asset’s growth.  “Our bitcoin treasury strategy shows our strong conviction in bitcoin as a premier asset and a compelling long-term investment,” Karam surmised. “We believe bitcoin’s unique characteristics will enhance our financial resilience and deliver significant value to our shareholders.” Still, the company reiterated that it is dedicated to its telecommunications mission. “We continue to support our customers with a robust 4G and 5G product roadmap,” Karam added. Northland…

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Filed under: News - @ June 23, 2025 2:29 pm