Sequans doubles its Bitcoin holdings to $150 million, asserting its position as a new "whale"!

The cryptocurrency market is booming again with positive news as telecommunications company #Sequans (NYSE: SQNS) announced it has purchased an additional 1,264 BTC, equivalent to $150 million, just in the past week. This transaction has doubled Sequans' total Bitcoin treasury to 2,317 BTC, worth approximately $270 million, just two weeks after publicly announcing its intention to accumulate $BTC .

With an incredible accumulation rate, Sequans has quickly entered the top 20 publicly traded companies holding the most Bitcoin. This move continues the trend of large enterprises globally accumulating BTC, inspired by MicroStrategy's strategy.

The continuous influx of money into Bitcoin by listed companies has contributed to the rapid recovery of BTC prices from the April lows, reaching a new ATH peak of over $123,000. Many analysts have now raised their Bitcoin price target to $200,000 by 2025. This is clear evidence of the strong belief of businesses in the future of Bitcoin, creating a strong impetus for the cryptocurrency market. #anhbacong