Reported 1 day ago
Sequans Communications S.A. (NYSE:SQNS) has acquired a total of 1,053 Bitcoins, valued at approximately $120 million, as part of its newly formed Bitcoin treasury strategy, which aims to enhance its long-term financial stability. The company's CEO, Georges Karam, stated plans to accumulate over 2,000 Bitcoins in the near future, viewing them as a solid store of value for shareholders. This initiative was funded through a recent offering of shares and convertible debentures.
Source: YAHOO