Sequans Surges Over 50% Pre-Market, Raises $384 Million to Build Bitcoin Treasury

Sequans Communications, a publicly traded firm on the US stock exchange, experienced a significant pre-market surge exceeding 50%. This sharp increase followed the company’s announcement of a strategic capital raise totaling $384 million. The funds are earmarked for the establishment of a dedicated Bitcoin treasury, signaling a notable shift towards cryptocurrency asset allocation. This move reflects a growing trend among corporates to diversify their balance sheets with digital assets, aiming to leverage Bitcoin’s potential as a store of value. Investors responded positively, interpreting the capital raise as a strong endorsement of blockchain technology’s integration within traditional financial frameworks. Sequans’ decision underscores the increasing institutional adoption of cryptocurrencies, reinforcing Bitcoin’s role in corporate treasury management strategies.