Sequans Communications, a developer of IoT semiconductors, plans to raise $384 million to establish a strategic Bitcoin treasury. This initiative comes amid a rising trend of corporations investing in Bitcoin as a reserve asset, with the number of companies holding Bitcoin in their treasuries nearly doubling to about 240, which collectively control approximately 4% of the total Bitcoin supply. Sequans intends to raise about $195 million through equity and $189 million via convertible debentures. Swan Bitcoin will assist in managing this treasury. CEO Georges Karam emphasized the company's confidence in Bitcoin as a valuable long-term investment. However, some major companies have refrained from such investments due to concerns over Bitcoin's volatility and regulatory issues. Michael Saylor’s Strategy remains the largest corporate holder of Bitcoin, with over 592,000 BTC. This trend demonstrates an ongoing shift in corporate treasury strategies toward cryptocurrency assets.

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