CoinVoice has recently learned that Sequans Communications (NYSE: SQNS) has announced the launch of a Bitcoin reserve strategy, with an initial purchase of 370 Bitcoin.
This IoT semiconductor supplier plans to accumulate over 3,000 BTC in the coming weeks, with funds for this purchase coming from the issuance of common stock and convertible bonds 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 move reflects our confidence in Bitcoin as a long-term store of value." [Original link]
