Sequans Communications, a Paris-based company, has initiated a $200 million "at the market" (ATM) equity issuance program to bolster its Bitcoin reserve strategy. The company filed a prospectus with the U.S. Securities and Exchange Commission (SEC) to issue up to $200 million in American Depositary Shares (ADSs), each representing 10 ordinary shares. CEO Georges Karam stated that the initiative aims to optimize financial resources, enhance Bitcoin reserves per share, and deliver long-term shareholder value. The funds will primarily support the accumulation of Bitcoin, aligning with Sequans' existing reserve strategy. The timing and scale of the issuance will depend on market conditions.