Sequans Communications Kicks Off Bitcoin Treasury with 370 BTC Purchase
Sequans Communications (SQNS), a leading cellular semiconductor maker, has announced its acquisition of 370 bitcoin
The purchase was funded by proceeds from its recent equity and convertible debenture offering that closed on July 7.
“We are excited to begin executing our strategic plan to accumulate over 3,000 BTC in the coming weeks,” said Georges Karam, CEO of Sequans. “This initiative reflects our confidence in bitcoin as a long-term store of value for our shareholders.”
Sequans has chosen Coinbase as custodian, utilizing Coinbase Prime’s institutional-grade services.
Sequans Communications shares are up 2% in pre-market trading following the announcement of its bitcoin treasury strategy.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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