Sequans Communications S.A. has significantly expanded its Bitcoin holdings with the acquisition of an additional 85 bitcoins, investing approximately $10.0 million at an average price of $117,360 per bitcoin. This move boosts the company's total Bitcoin reserves to 3,157 bitcoins, with a total investment of around $368.5 million. Known for its leadership in 5G/4G cellular IoT semiconductor solutions, Sequans Communications is a pioneer in Bitcoin Treasury, reflecting its strategic focus on leveraging cryptocurrency as part of its financial strategy.
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