Spancon Communication (SQNS)major cellular semiconductor manufacturers have announced the acquisition of 370 Bitcoin
As part of the newly launched Bitcoin financial strategy.
The purchase was funded by proceeds from the recent equity and convertible bond provisions that closed on July 7th.
“We are excited to start implementing our strategic plan to accumulate over 3,000 BTC in the coming weeks,” said Georges Karam, CEO of Sequans. “This initiative reflects our trust in Bitcoin as a long-term storage of value for shareholders.”
Sequans has selected Coinbase as its administrator using Coinbase Prime facility grade services.
Shebang’s telecommunications stocks have risen 2% in pre-market trading following the announcement of its Bitcoin financial strategy.
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