$BTC #investmentnews

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The U.S. listed company Sequans Communications S.A. announced an investment of $150 million to increase its holding of 1,264 BTC. Currently, several listed companies such as Vaultz and Blockchain Group are also increasing their BTC positions, leading to a continuous rise in total holdings.

This trend excites me. Public companies are treating BTC as a treasury asset, and combined with the news that the UK plans to sell $7.1 billion worth of BTC, there is significant supply-side pressure, but institutional demand on the demand side is strong.

In the long run, the listing and holding strategy of Bitcoin Treasury Capital will encourage more companies to follow suit. If BTC breaks $119,000, it could trigger a liquidation of $411 million, with short-term support at $116,000. It is recommended to pay attention to the impact of next week's unlocking events.