Summary
- Sequans Communications announced that it has additionally purchased 683 Bitcoin.
- With this additional purchase, the total Bitcoin holdings of Sequans Communications now stand at 1,053 BTC, worth approximately $120 million.
- Sequans stated that it previously raised $384 million for Bitcoin investments.
Sequans Communications, a developer of 5G and 4G IoT semiconductors and modules listed on the Nasdaq, has additionally purchased 683 Bitcoin (BTC).
On the 14th (local time), Sequans announced on its website, "We have purchased an additional 683 BTC ($79 million)" and added, "The average purchase price per 1 BTC is $116,213."
Currently, Sequans holds a total of 1,053 BTC. This amounts to approximately $120 million, with an average purchase price of $113,893.
Previously, Sequans raised $384 million for Bitcoin investment.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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