Sequans to Invest $200 Million in Bitcoin: A Major Move in Corporate Cryptocurrency Adoption

French semiconductor company Sequans Communications is planning a significant investment in Bitcoin, allocating $200 million from an equity offering to expand its reserves. The company aims to reach 100,000 Bitcoin holdings by 2030, positioning itself as one of Europe’s largest corporate Bitcoin investors. This move comes amidst growing interest and acceptance of cryptocurrencies among businesses. CEO Georges Karam emphasizes the strategic importance of Bitcoin for long-term financial success and shareholder value.