French semiconductor manufacturer Sequans Communications SA said on 25 August that it plans to raise about $200 million and deploy the proceeds to purchase additional Bitcoin for its corporate treasury
French semiconductor manufacturer Sequans Communications SA said on 25 August that it plans to raise about $200 million and deploy the proceeds to purchase additional Bitcoin for its corporate treasury.
The move would deepen the Paris-based company’s exposure to the cryptocurrency market and aligns with a small but growing cohort of operating businesses that hold digital assets as a balance-sheet hedge.
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Source: https://thedefiant.io/news/blockchains/frances-sequans-plans-200-million-raise-to-expand-bitcoin-holdings-e3e6afa1