Sequans Raises $200 Million to Expand Bitcoin Holdings

French semiconductor company Sequans Communications has announced a $200 million equity offering, aiming to bolster its Bitcoin treasury strategy. The company intends to use the proceeds to acquire additional Bitcoin, with the ultimate goal of accumulating 100,000 BTC by 2030. This move comes as more public companies are turning towards Bitcoin as an inflation hedge and a potential store of value, aligning with the broader trend of cryptocurrency adoption in financial markets.