Sequans Sells Remaining 314 Bitcoin, Ends BTC Accumulation Strategy
JH Kim
Summary
- Sequans Communications said it sold its remaining 314 Bitcoin (BTC), bringing its Bitcoin accumulation strategy to an end.
- Sequans once held more than 3,200 Bitcoin but has now fully exited its holdings through the latest sale.
- The company plans to refocus on its core Internet of Things (IoT) business and related strategy.
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Sequans Communications, a Nasdaq-listed semiconductor company, sold its remaining 314 Bitcoin, bringing its Bitcoin accumulation strategy to an end.
Cointelegraph reported on September 24 that Sequans, which once held more than 3,200 Bitcoin, has now fully exited its position with the latest sale.
The company said in May that it planned to end the Bitcoin accumulation strategy.
Sequans now plans to refocus on its core Internet of Things, or IoT, business and related strategy.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.