Sequans Communications S.A., a prominent provider of cellular IoT semiconductors, has expanded its cryptocurrency holdings with the acquisition of an additional 683 bitcoins. This purchase, valued at approximately $79 million, brings the company's total bitcoin holdings to 1,053. The average acquisition price, including fees, is approximately $113,893 per bitcoin, totaling an investment of around $120 million. This strategic move underscores Sequans' commitment to diversifying its assets and enhancing its financial portfolio.
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