Sequans Communications, a publicly traded Paris-based 5G and Internet of Things semiconductor company, announced plans to raise approximately $385 million through a debt and equity offering to acquire Bitcoin, signaling growing corporate interest in cryptocurrency as a treasury asset. Meanwhile, ProCap Financial, a Bitcoin-native financial services firm led by entrepreneur Anthony Pompliano, revealed a merger with Nasdaq-listed Columbus Circle Capital Corp I in a $1 billion deal. ProCap has raised $750 million in an initial fundraise, the largest for a public Bitcoin treasury company, and aims to hold up to $1 billion in Bitcoin. Following the announcement, ProCap acquired 3,724 Bitcoin worth about $395 million and later added another 1,208 Bitcoin, bringing its total holdings to 4,932 BTC valued at approximately $388 million. The company’s cost basis per Bitcoin is reported at $104,322, with a market capitalization of $388.04 million. Additionally, Japanese Bitcoin treasury firm Metaplanet raised $515 million through new stock issuance, with plans to issue 555 million shares and target holdings of 30,000 BTC by 2025 and 100,000 BTC subsequently. Other Bitcoin treasury purchases on June 24 included acquisitions by The Smarter Web Company (196 BTC), The Blockchain Group (75 BTC), Bitmax (49 BTC), Vinanz (37 BTC), Vaultz Capital (10 BTC), LQWD Technologies (5 BTC), and Panther Metals (1 BTC).