Sequans Raises $384 Million to Launch BTC Treasury with Shareholder Approval
Sequans Communications announced an impressive $384 million fundraising initiative aimed at creating a Bitcoin treasury. This move comes as the company faces potential delisting risks due to a declining market cap falling below NYSE requirements. The plan depends on shareholder approval, making it a critical development for the company’s future and focus on cryptocurrency integration. Stakeholders should keep an eye on this initiative as it could significantly impact Sequans and the broader market landscape.