Sequans announces ATM plan to raise up to $200 million to purchase Bitcoin.

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On August 26, Sequans Communications (NYSE: SQNS), a French semiconductor and internet of things company, announced the establishment of an "At The Market" (ATM) equity issuance program. The company may issue American depositary shares at any time based on market conditions, with each share representing 10 shares of common stock, for a total amount of up to $200 million.

Sequans stated that the plan will serve as a tool for the first phase of its Bitcoin reserve strategy, with funds expected to be primarily used to continue purchasing Bitcoin to support the company's long-term reserve strategy.

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GweiTooHighvip
· 16h ago
Big investment Be Played for Suckers!
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BlockchainDecodervip
· 16h ago
From a data statistical perspective, the configuration reserve progress of traditional enterprises has accelerated.
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BearMarketMonkvip
· 16h ago
The bear market bottom has attracted another seeker of wisdom.
View OriginalReply0
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