Sequans sells 344 BTC, shifts focus to IoT business

NYSE-listed French semiconductor company Sequans Communications (SQNS) said today it sold 344 BTC. The sale lowered Sequans to 73rd place among global listed companies by Bitcoin holdings, leaving it with 314 BTC. Sequans announced in May it was ending its Bitcoin accumulation strategy and plans to sell its remaining holdings to simplify its capital structure and focus on its IoT business and strategy.