IoT Chipmaker Sequans Communications Exits Bitcoin Treasury Strategy, Will Sell Remaining 658 BTC
cryptobusiness 3 posts · 3 accounts
Sequans Communications is exiting its Bitcoin treasury strategy and will sell its remaining 658 BTC, completing the unwind of the position. The IoT chipmaker is refocusing on its core semiconductor business.
The sale of the remaining holdings completes Sequans’s shift away from its Bitcoin treasury approach and back toward IoT semiconductors, underscoring a return to the company’s main operating business.
From the sources (3 posts)
@degeneratenewsNEW: bitcoin:native DAT ANNOUNCES "NO LONGER PURSUING A DIGITAL ASSET TREASURY STRATEGY" SOURCE:
@theblockcoSequans completes bitcoin treasury unwind, refocuses on IoT semiconductors
@coindeskNEW: IoT chipmaker @Sequans Communications exits its Bitcoin treasury strategy and will sell its remaining 658 $BTC to refocus on its core semiconductor business.