Sequans Communications Raises $200 Million to Increase Bitcoin Reserves

French technology company Sequans Communications has filed an ‘at-the-market’ (ATM) equity offering plan with the SEC. The plan seeks to raise up to $200 million in American Depositary Shares, each representing ten ordinary shares, to bolster its long-term Bitcoin reserves strategy. CEO Georges Karam emphasizes this move aims to optimize the company’s finances and increase per-share Bitcoin holdings for the benefit of shareholders. The funds raised will be directed towards continued Bitcoin accumulation, aligning with the company’s established reserve policy. The specific timing and scale of this issuance are subject to market conditions.