Television Company’s Television (NYSE: SQNS) announced it would increase $ 384 million to launch a Bitcoin Treasury, according to A Press release.
The company has come up to issue and sell $ 195 million in equity security and $ 189 million in a changing safe debenture.
“Our approach to Bitcoin’s treasury reflects our strong faith in Bitcoin as a major property and a compelling long-term investment,” said Georges Karam, CEO of Sequuans.
Sequuans have selected the US-based Bitcoin-only Financial Services firm Swan Bitcoin as a partner to assist in its treasury approach.
SQNS sharing is up to 14% in pre-market tradingChanging hands to $ 2.21 per part.
The decision to adopt a Bitcoin Treasury follows in the footsteps of many companies listed in public, including Health care, Mining and Media companies All taking bitcoin in recent weeks.
Bitcoin is currently trading at about $ 101,000, moderately bouncing from its panicky decline over the weekend following US strikes against Iran.
