IoT Developer Sequans to Raise $384M for Bitcoin Treasury

Sequans Communications, developer of semiconductors and modules IoT, has, published Plans to increase capital of $ 384 million to finance their strategic bitcoin box office. This step comes when more companies bet on bitcoins (BTC) and using the largest cryptocurrency in the world as a reserve asset.

According to the company, it plans to issue and sell approximately $ 195 million to capital and $ 189 million in convertible bonds that can later be transferred to stocks. For Endeavor, Sequans cooperates with the Treasury Swan Bitcoin Swan Bitcoin.

“Our Bitcoin Treasury strategy reflects our strong Bitcoin beliefs as a leading asset and a convincing long -term investment,” said Georges Karam, Sequans CEO, in his statement.

Sequans is part of the growing trend of companies adding bitcoins to their cash register. On Saturday Nakamoto Holdings Increased $ 51.5 million in fresh capital to increase your Bitcoins supply. Monday Metaplanet announced Adding 1111 BTC to your TreasuryIt brought only about 400 shy Tesla.

https://www.youtube.com/watch?v=zad4fima-oq

Adam Back, CEO of Blockstream and Early Cypherpunk, wrote to x The fact that companies creating bitcoin cash registers led to a new type of Alt season. “It’s time to throw Alts into the cash register BTC or BTC,” he said.

According to bitcointreasuries.net, about 240 companies hold BTC on their balance sheet since Monday, which is by nearly 100% before just weeks. Together, these companies dominate around 4% of the total Bitcoins offer.

Related: Blockchain Group to get $ 340 million for Bitcoin Treasury

BTC’s cash register risks

Despite the growing interest, several main societies, Including Amazon, Meta and MicrosoftThey decided not to add bitcoins to their cash register. Normal concerns include high volatility of cryptocurrency and continuing regulatory uncertainty. Corporate cash registers are usually intended to maintain capital, while the allocation of bitcoin funds can issue shareholders significant speculation on the market.

Michael Sayl’s strategy is still the biggest holder of Bitcoins. The company has $ 592,345 bitcoins worth approximately $ 60.2 billion. The strategy was aggressive in buying bitcoins and often issued a large amount of debt convertible to ensure cryptocurrency.

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