Semiconductor company Sequans Communications has significantly increased its investment in Bitcoin, bringing its total holdings to 3,157 BTC.
This move comes after the Paris-based firm acquired an additional 85 Bitcoin recently, valued at approximately $10 million.
The firm’s aggregate Bitcoin portfolio is now valued at $368.5 million, solidifying its strategic shift towards adopting Bitcoin as a primary treasury reserve asset.
Sequans’ substantial accumulation positions it as a prominent example within the technology sector embracing Bitcoin for treasury management purposes.
This substantial investment sets a notable precedent for the industry, highlighting corporate adoption even amid known market volatility and evolving regulatory landscapes.