Sequans Communications to Raise $384M for Bitcoin Treasury
- Sequans Communications plans to raise $384 million to fund its Bitcoin treasury.
- The company will issue approximately $195 million in equity and $189 million in convertible debentures.
- Sequans is partnering with Swan Bitcoin for BTC treasury management.
- Nakamoto Holdings recently raised $51.5 million to increase its Bitcoin stockpile.
- Metaplanet added an additional BTC to its treasury, nearing Tesla’s holdings.
- Approximately,240 companies now hold BTC on their balance sheets, controlling around four percent of the total supply.
The trend of companies adopting Bitcoin as a reserve asset continues, with Sequans Communications announcing a significant capital raise to support its strategic BTC treasury initiative. This move aligns with other firms like Nakamoto Holdings and Metaplanet, which are also increasing their Bitcoin holdings.
Companies holding BTC now control about four percent of the total supply, reflecting a growing corporate interest despite concerns over volatility and regulatory challenges. (Source)
