Cardone adds 130 BTC on the dip, Sequans repays debt and announces exit from coin hoarding strategy
According to ChainCatcher, citing BBX data, yesterday saw a structural divergence in the Bitcoin treasury strategies of listed companies and major asset management entities worldwide, with the following core developments:
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Cardone Capital increases holdings on dips: The well-known US real estate investment and asset management giant Cardone Capital CEO Grant Cardone officially announced on social media platform X that the company has recently accumulated an additional 130 BTC during the recent market correction. He emphasized that, as a strategic asset reserve to hedge against inflation, the company will continue to use cash flow to allocate spot Bitcoin on dips.
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Sequans liquidates 80% of its holdings to repay debt: Sequans Communications S.A. (NYSE: $SQNS) issued an official notice on Thursday, announcing that it has liquidated about 80% of its Bitcoin holdings, successfully completing the redemption of all debt associated with its Bitcoin treasury, marking a formal exit from its previous crypto asset treasury strategy. Currently, the company only holds 658 BTC and is now completely debt-free, with future focus shifting back to IoT and cellular semiconductor core businesses.
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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