European Tech Company Sequans Aims for $100,000 Bitcoin Holdings by 2030

Sequans Communications, a French semiconductor company, has embarked on an ambitious plan to amass a significant Bitcoin holding. The company plans to raise up to $200 million through an equity offering and will use the proceeds to increase its already substantial Bitcoin treasury. Sequans aims to purchase approximately 100,000 Bitcoin by 2030, positioning it among the largest corporate holders of Bitcoin globally.