Sequans now holds 3,072 BTC after $88.5M purchase

Sequans Communications, a Nasdaq-listed IoT semiconductor and module developer, has acquired an additional 755 BTC for $88.5 million at an average price of $117,296 per Bitcoin, according to the Newsfile press release. As of July 25, the company holds 3,072 BTC in total, purchased using proceeds from a $380 million convertible note offering.