Sequans Joins Corporate Bitcoin Rush With $384M Funding Plan
The post Sequans Joins Corporate Bitcoin Rush With $384M Funding Plan appeared on BitcoinEthereumNews.com. After partnering with Swan Bitcoin for treasury management, Sequans now aligns itself with firms like Metaplanet and Nakamoto Holdings, which have aggressively increased their Bitcoin holdings. Metaplanet bought another 1,111 BTC this week, boosting its total to 11,111 and bringing it within reach of Tesla’s 11,509 BTC. The corporate Bitcoin adoption trend is gaining global momentum, with firms in Norway, France, and South Korea also jumping in. Meanwhile, Adam Back, the CEO of Blockstream, has dubbed this trend “the new alt season,” and encouraged speculators to shift funds from altcoins into Bitcoin or shares of Bitcoin-holding companies. He believes this wave is a precursor to hyperbitcoinization and a potential $200 trillion Bitcoin market. Despite criticisms from traditional firms like Meta and Microsoft, the enthusiasm surrounding corporate Bitcoin treasuries suggests that there is a transformative shift in how companies view asset diversification and long-term value preservation. Sequans Pushes Into Bitcoin Sequans Communications announced a bold move to raise $384 million to establish a strategic Bitcoin treasury, joining a growing wave of companies betting on Bitcoin as a reserve asset. The IoT semiconductor and module developer plans to raise approximately $195 million through an equity issuance and $189 million via convertible debentures, which could later be converted into company shares. To support this initiative, Sequans is partnering with Swan Bitcoin, a firm that specializes in Bitcoin treasury management. Announcement from Sequans The company’s CEO, Georges Karam, explained the long-term investment thesis behind the decision, and called Bitcoin a “premier asset.” This aligns Sequans with the rising trend among corporations looking to diversify their treasuries with Bitcoin holdings. Just in the past few days, firms like Nakamoto Holdings and Metaplanet expanded their Bitcoin reserves. Data from BitcoinTreasuries.NET shows that over 240 companies now hold Bitcoin on their balance sheets, which is almost double…
The post Sequans Joins Corporate Bitcoin Rush With $384M Funding Plan appeared on BitcoinEthereumNews.com.
After partnering with Swan Bitcoin for treasury management, Sequans now aligns itself with firms like Metaplanet and Nakamoto Holdings, which have aggressively increased their Bitcoin holdings. Metaplanet bought another 1,111 BTC this week, boosting its total to 11,111 and bringing it within reach of Tesla’s 11,509 BTC. The corporate Bitcoin adoption trend is gaining global momentum, with firms in Norway, France, and South Korea also jumping in. Meanwhile, Adam Back, the CEO of Blockstream, has dubbed this trend “the new alt season,” and encouraged speculators to shift funds from altcoins into Bitcoin or shares of Bitcoin-holding companies. He believes this wave is a precursor to hyperbitcoinization and a potential $200 trillion Bitcoin market. Despite criticisms from traditional firms like Meta and Microsoft, the enthusiasm surrounding corporate Bitcoin treasuries suggests that there is a transformative shift in how companies view asset diversification and long-term value preservation. Sequans Pushes Into Bitcoin Sequans Communications announced a bold move to raise $384 million to establish a strategic Bitcoin treasury, joining a growing wave of companies betting on Bitcoin as a reserve asset. The IoT semiconductor and module developer plans to raise approximately $195 million through an equity issuance and $189 million via convertible debentures, which could later be converted into company shares. To support this initiative, Sequans is partnering with Swan Bitcoin, a firm that specializes in Bitcoin treasury management. Announcement from Sequans The company’s CEO, Georges Karam, explained the long-term investment thesis behind the decision, and called Bitcoin a “premier asset.” This aligns Sequans with the rising trend among corporations looking to diversify their treasuries with Bitcoin holdings. Just in the past few days, firms like Nakamoto Holdings and Metaplanet expanded their Bitcoin reserves. Data from BitcoinTreasuries.NET shows that over 240 companies now hold Bitcoin on their balance sheets, which is almost double…
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