1 month ago
Sequans Communications (SQNS), a starring cellular semiconductor maker, has announced its acquisition of 370 bitcoin BTC arsenic portion of a recently launched bitcoin treasury strategy.
The acquisition was funded by proceeds from its caller equity and convertible debenture offering that closed connected July 7.
“We are excited to statesman executing our strategical program to accumulate implicit 3,000 BTC successful the coming weeks,” said Georges Karam, CEO of Sequans. “This inaugural reflects our assurance successful bitcoin arsenic a semipermanent store of worth for our shareholders.”
Sequans has chosen Coinbase arsenic custodian, utilizing Coinbase Prime’s institutional-grade services.
Sequans Communications shares are up 2% successful pre-market trading pursuing the announcement of its bitcoin treasury strategy.
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