Wu learned that Sequans, an IoT chip company listed on the New York Stock Exchange, has announced the launch of its Bitcoin vault strategy, which includes Bitcoin as one of its core asset allocations and plans to collaborate with Swan Bitcoin for management. To this end, Sequans will raise approximately $384 million through private equity financing, including $195 million in stocks and $189 million in convertible bonds, and is expected to complete the transaction on July 1st.