Sequans Communications S.A., a leading provider of cellular IoT semiconductor solutions, has expanded its investment in Bitcoin, bolstering its position as a pioneer in adopting the cryptocurrency as its primary treasury reserve asset. The company recently acquired an additional 13 bitcoins for approximately $1.5 million, at an average purchase price of $117,012 per bitcoin. This acquisition brings Sequans' total Bitcoin holdings to 3,171, with a total net investment of around $370 million. This move underscores Sequans' commitment to integrating cryptocurrency into its financial strategy.
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