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Sequans purchased 13 Bitcoins at $117,012 each, increasing total Holdings to 3,171 coins.
[Chain News] On August 11, news from the official website reported that Sequans Communications announced the purchase of 13 Bitcoins for approximately $1.5 million, at an average price of $117,012 per coin. As of August 8, the company's total holdings of Bitcoin have increased to 3,171 coins, with a total investment of about $370 million and an average purchase price of $116,709 per coin. Sequans regards Bitcoin as a primary reserve asset and continues to increase its holdings through equity, debt financing, and business income.