Remember how $GME raised billions in convertible bonds, then only spent a tiny fraction of the funds raised and none of their treasury cash?
$SQNS did the opposite. $358.5M net proceeds from initial fundraise fully deployed into BTC, and now an additional $10M of treasury cash. x.com/Sequans/status…
Cory Klippsten 🦢Swan.com
Cory Klippsten 🦢Swan.com
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CEO @Swan 🦢The USA's #1 Bitcoin-Based Wealth Platform | Family, Bitcoin, and🏀 press:
Important recent history for anyone not aware of the real cause of the 2022 price crash. It wasn’t SBF.


Rough MNAV calcs:
$CEP/XXI:
$274M mktcap for 2.7% = $10.15B post-merge
42k BTC at $117.7k
MNAV = 2.05x
$NAKA
$66.5M mktcap for 1.2% = $5.54B post-merge
$750M of BTC coming
MNAV = 7.39x