Sequans Communications S.A., a leader in cellular IoT semiconductor solutions, has expanded its portfolio by acquiring an additional 1,264 bitcoins for approximately $150 million, marking a significant step in its strategy to use Bitcoin as its primary treasury reserve asset. This acquisition brings the company's total holdings to 2,317 bitcoins, valued at around $270 million. The move underscores Sequans' commitment to integrating innovative financial strategies with its technological advancements.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.