Sequans Acquires Initial 370 Bitcoins, Plans to Increase Holdings to 3,000 in the Coming Weeks
Odaily Planet Daily reports: French IoT semiconductor company Sequans Communications has announced the launch of its Bitcoin reserve strategy, using funds raised from its recent stock and convertible bond issuances to purchase an initial batch of 370 Bitcoins. Sequans plans to accumulate over 3,000 Bitcoins in the coming weeks and has selected an exchange as its custodian.
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