Sequans Communications to raise $384M for Bitcoin treasury initiative

Sequans Communications, a provider of 5G/4G IoT semiconductors, has announced plans to raise $384 million for a Bitcoin treasury initiative, according to a press release on Newsfile. The company will issue $195 million in equity securities and $189 million in convertible secured debentures. It aims to partner with Swan Bitcoin for treasury management, while continuing its core business in cellular IoT development.