Sequans communications, developed for semi -conductors and stereotypes, IOT, Detected Plan to increase the capital of $ 384 million to finance the Bitcoin Strategic Treasury. This step comes as more companies are betting on Bitcoin (BTC) and using the largest encrypted currency in the world as a backup asset.
According to the company, it plans to issue and sell about $ 195 million in shares and $ 189 million in convertible bonds, which can be converted later into shares. For The Endaavor, Sequans cooperates with Swan Bitcoin, BTC Treasury Department.
“It reflects the strategy of the Ministry of Treasury in Bitcoin our strong condemnation in Bitcoin as a major asset and a convincing long -term investment,” George Karam, CEO of Sequans, said in a statement.
Sequans is part of the increasing direction of companies that add bitcoin to the treasury bonds. On Saturday, Nakamoto Holdings raised $ 51.5 million from the new capital to increase bitcoin stocks. On Monday, Metaplanet announced the addition of 1111 BTC to her wardrobe, which led to about 400 shy of Tesla.
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Adam Pak, CEO of Blockstream and early CypherPunk, wrote on X that companies that create Bitcoin wardrobe have led to the emergence of a new type of alternative season. “It is time to throw Alts in BTC or BTC Crensuries,” he said.
According to Bitcontreasuries.net, about 240 companies carry BTC on their public budgets as of Monday, which increased by almost 100 % for weeks only weeks. Together, these companies control about 4 % of the total bitcoin supply.
Related to: Blockchain Group to raise $ 340 million for Bitcoin
The risk of btc treasury for companies
Despite the increasing interest, many major companies, including Amazon, Meta and Microsoft, have chosen, not adding bitcoin to treasury bonds. Common concerns include high cryptocurrency fluctuations and continuous organizational uncertainty. Corporation’s treasury bonds usually aim to maintain capital, while allocating money to Bitcoin can expose shareholders to significant speculation in the market.
Michael Celor’s strategy is still the biggest carrier of companies in Bitcoin. The company owns 592,345 Bitcoin, at a value of about $ 60.2 billion in this writing. The strategy was aggressive in buying bitcoin, and often large quantities of convertible debt to secure the encrypted currency.
magazine: Baby Boomers has a value of $ 79 million in bitcoin
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