Sequence communication” (SQNS) Wireless chip designers soared over 40% after closing $384 million in private locations and planned to spend most of their money in Bitcoin
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The transaction totaled $195 million in U.S. stock deposits
And at $1.40, the price of five-year and five-year convertible bonds is 4%. Press release.
The French-based company’s ADSS rose to $2.01 on the Nasdaq after the announcement.
Investors can convert stocks in each stock at a price of $2.10, and if all warrants are exercised, the sequence can be netted another $57.6 million, which are also designated to purchase Bitcoin.
CEO Georges Karam said the company believes the assets enhance its financial resilience and create long-term value. The sequence is designed for low-power 4G and 5G modems for smart meters, asset trackers and industrial sensors.
Swan Bitcoin will purchase and guard coins, while North Capital Markets and B. Riley Securities will be responsible for financing.
The move has brought the Sequence to an increasing number of publicly traded companies, adopting Bitcoin as its main Treasury asset. According to these companies, there are currently 852,309 BTC Bitcoin Library data.
Most of these coins are held through strategic (MSTR)it has 597,325 BTC on its balance sheet. Next is Mara Holdings (Mara) There are 50,000 BTC and XXI and 37,230 BTC.
