Sequans Communications SA, a leader in cellular IoT semiconductor solutions, has expanded its investment in Bitcoin, acquiring an additional 755 bitcoins for approximately $88.5 million. This purchase brings the total number of bitcoins held by the company to 3,072, all acquired with funds from a recent offering. Sequans has invested a total of approximately $358.5 million in Bitcoin, with an average acquisition price of $116,690 per bitcoin. The company continues to utilize Bitcoin as its primary treasury reserve asset, reflecting its pioneering approach in the industry.
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