The listed company Sequans has purchased 370 BTC for the first time and plans to accumulate over 3000 BTC in the coming weeks

2025-07-10 19:04:41

Collection

ChainCatcher news, according to Newsfilecorp, Sequans Communications (NYSE: SQNS) announced the launch of a Bitcoin reserve strategy, purchasing 370 Bitcoins for the first time.

The IoT semiconductor supplier plans to accumulate over 3,000 BTC in the coming weeks, with the funds for this purchase coming from the proceeds of the common stock and convertible bond issuance completed on July 7.

Sequans has chosen Coinbase Prime as its digital asset custody platform, providing secure and compliant infrastructure support. Sequans CEO Georges Karam stated, "This initiative reflects our confidence in Bitcoin as a long-term store of value."

(Source Link)

Risk warning

Real-time Records of Institutional Crypto Holdings and Capital Operations

Recently, stablecoin concept stocks have continued to strengthen, with multiple listed companies establishing reserves of crypto assets. Stocks of crypto companies are becoming a special "crypto hotspot": traditional market investors are beginning to pay attention to companies in the crypto industry, while people in the crypto circle view the price changes of crypto stocks as one of the indicators of market fluctuations. This topic will continue to focus on the dynamics of related projects, institutional movements, market performance, and the strategic logic behind them, gaining insights into the development path of this wave of integration between crypto and equity.

Topic or theme