đ Sequans Goes Big: Publicly Traded Firm Secures $384M & Adds Bitcoin to Treasury
Wall Street meets cryptoâagain. Semiconductor player Sequans just pulled off a $384 million capital raise while quietly stacking BTC on its balance sheet. Who needs gold when youâve got digital scarcity?
The Numbers Donât Lie
$384 million. Thatâs not pocket changeâeven for a Nasdaq-listed company. Sequans isnât just raising capital; theyâre betting on Bitcoin as a treasury reserve asset. Move over, MicroStrategyâthereâs a new corporate hodler in town.
Why This Matters
Public companies loading up on BTC isnât new, but itâs still a middle finger to traditional finance. Sequans joins the ranks of firms treating Bitcoin like a hedge against fiat debasementâbecause apparently, CFOs now trust code more than central bankers.
The Cynical Take
Another day, another company using shareholder money to YOLO into crypto. At least this time they raised fresh cash instead of levering up the balance sheet. Progress?
