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Sequans acquires first batch of 370 bitcoins, plans to increase holdings to 3000 in the coming weeks

Summary: According to reports, French IoT semiconductor company Sequans Communications has announced the initiation of a bitcoin reserve strategy, using funds from recent stock and convertible bond issuances to purchase an initial 370 bitcoins. Sequans plans to accumulate over 3000 bitcoins in the coming weeks and has selected Coinbase as the custodian.

According to reports, French IoT semiconductor company Sequans Communications has announced the initiation of a bitcoin reserve strategy, using funds from recent stock and convertible bond issuances to purchase an initial 370 bitcoins. Sequans plans to accumulate over 3000 bitcoins in the coming weeks and has selected Coinbase as the custodian.

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