INSUBCONTINENT EXCLUSIVE:
raise to fund its strategic Bitcoin treasury
the company, it plans to issue and sell approximately $195 million in equity and $189 million in convertible debentures, which can later be
statement.Sequans is part of a growing trend of companies adding Bitcoin to their treasuries
On Saturday, Nakamoto Holdings raised $51.5 million in fresh capital to increase its Bitcoin stockpile
CEO of Blockstream and early cypherpunk, wrote on X that companies creating Bitcoin treasuries have given rise to a new kind of alt-season
sheets as of Monday, which is up nearly 100% from just weeks ago
Together, those companies control around 4% of the total Bitcoin supply.Related: The Blockchain Group to raise $340M for Bitcoin
treasuryDespite growing interest, several major companies, including Amazon, Meta and Microsoft, have opted not to add Bitcoin to their
Corporate treasuries are typically intended to preserve capital, whereas allocating funds to Bitcoin can expose shareholders to significant
The company holds 592,345 Bitcoin, worth around $60.2 billion at this writing
Strategy has been aggressive in buying Bitcoin, often issuing large quantities of convertible debt to secure the cryptocurrency.Magazine:
Baby boomers worth $79T are finally getting on board with Bitcoin
