TechFlow news, June 23 — IoT semiconductor provider Sequans Communications S.A. (NYSE: SQNS) announced today (June 23, 2025) the launch of a bitcoin reserve initiative and has entered into financing agreements totaling approximately $384 million, including $195 million in equity securities and $189 million in convertible secured notes. CEO Georges Karam stated that this move reflects the company's strong conviction in bitcoin as a high-quality asset and long-term investment. Sequans plans to partner with Swan Bitcoin to manage its bitcoin reserves, while remaining committed to its core 4G and 5G IoT business. The transaction is expected to close on July 1, 2025, subject to shareholder approval at the June 30 annual meeting.
Add to Favorites
Share to Social Media
