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Sequans Stock Skyrockets 35% Following Bold $384M Bitcoin Treasury Gamble
Sequans Stock Skyrockets 35% Following Bold $384M Bitcoin Treasury Gamble
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Wall Street got a jolt of crypto adrenaline as Sequans shares surged—proving once again that nothing pumps a stock like a reckless embrace of digital asset volatility.
The playbook: Dump debt, buy bitcoin, pray. The French chipmaker just raised $384 million in a debt-equity swap to fuel its BTC treasury strategy—because why bother with R&D when you can YOLO into Satoshi’s lottery?
Market reaction: Traders piled in like it was 2021, driving shares up 35% in a single session. Never mind that corporate bitcoin hoards have a habit of becoming ‘strategic reserves’ (read: bags to hold).
The kicker: Another CFO betting shareholder money on orange coin magic. At least they didn’t announce an NFT division.
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