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Sequans Adds 755 BTC in Latest Bitcoin Purchase, Joins Top Corporate BTC Holders
In a surprising move, Sequans Communications has made another significant purchase of 755 bitcoin (BTC) worth approximately $88.5 million. This recent addition brings the company’s total Bitcoin holdings to 3,072 units.
Sequans views Bitcoin as a long-term store of value and is committed to steadily growing its holdings through the use of proceeds from equity or debt offerings, business earnings, and tech licensing.
It’s no secret that Sequans has been an early adopter of Bitcoin as a treasury asset and now holds more than some of the world’s largest companies. The decision to expand their holdings comes amid the growing popularity of cryptocurrencies in general.
Source: coinpedia.org
