Sequans to Invest $200M in Bitcoin with ATM Equity Raise

Nasdaq-listed semiconductor firm Sequans Communications has announced a bold initiative: a $200 million equity raise via an at-the-market (ATM) program specifically dedicated to increasing its Bitcoin holdings. This strategic move marks a significant step towards integrating digital assets into the traditional tech industry. The company, known for its 5G and IoT chipsets, already holds 3,072 BTC and aims to significantly expand this position through the ATM program.