France’s Sequans Plans $200 Million Raise to Expand Bitcoin Holdings

French semiconductor designer Sequans Communications plans to raise about $200 million and allocate the proceeds to buying additional Bitcoin for its corporate treasury, according to multiple statements by the company shared on social media late Monday.

Sequans, which is listed in Paris and develops chips for wireless broadband devices, joins a small but growing group of publicly traded firms that are adding the cryptocurrency to their balance sheets. The company did not immediately disclose the structure or timing of the fundraising, nor did it specify the amount of Bitcoin it intends to purchase.

The move underscores continued corporate interest in Bitcoin as a reserve asset despite recent price volatility. Sequans said the initiative aims to diversify its cash holdings and hedge against currency depreciation, but it remains subject to board approval and market conditions.

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