This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Sequans Communications, a Paris-based IoT semiconductor firm, has rapidly expanded its Bitcoin treasury, acquiring over 3,000 BTC in under a month. Backed by government funding, the company aims to hold 100,000 BTC by 2030 as a long-term reserve asset.
- Sequans aims to hold 100,000 BTC by 2030, leveraging a mix of capital raises and operational cash flow.
- The company's shares rose 30% after announcing its Bitcoin treasury strategy, mirroring past corporate BTC adoption trends.
- Purchases are handled incrementally through Swan Bitcoin, with no fixed schedule, reflecting a flexible accumulation approach.
📎 Related coverage from: cryptoslate.com
Related Tags: Bitcoin
Other Tags: Swan Bitcoin