Sequans Communications semiconductor company is raising 200 million dollars to buy Bitcoin.

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The French semiconductor company Sequans Communications has just signed up to offer shares worth 200 million USD to implement a Bitcoin treasury strategy, with a long term goal of reaching 100,000 BTC by 2030. Currently, Sequans owns 3,171 BTC (349 million USD), ranking second in Europe after Germany's Bitcoin Group SE.

According to CEO Georges Karam, the raised capital will be used to optimize the treasury, increase the amount of BTC per share, and bring long-term value to shareholders. At the current market price, this capital could help Sequans purchase an additional approximately 1,814 BTC, bringing the total to nearly 5,000 BTC.

This move comes as the price of Bitcoin adjusts to 110,045 USD, down 11.6% from the peak in August. At the same time, other companies are also "buying the dip," while the Ether treasury is rising strongly with BitMine Immersion Technologies holding up to 7.5 billion USD in ETH.

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