NYSE-Listed Sequans Buys 1,264 Bitcoin for $150M – Institutional Investors Coming?
Main Idea
NYSE-listed Sequans Communications has purchased an additional 1,264 Bitcoin for $150 million, increasing its total holdings to 2,317 BTC, as corporate Bitcoin adoption surges by 120% since July 2024.
Key Points
1. Sequans Communications bought 1,264 Bitcoin for $150 million at an average price of $118,659 per BTC, bringing its total holdings to 2,317 BTC acquired for $270 million.
2. Corporate Bitcoin adoption has surged by 120% since July 2024, with companies like Metaplanet, Smarter Web Company, and Refine Group also making significant purchases.
3. Over 273 companies now hold Bitcoin on their balance sheets, doubling from 124 since June 5, while Bitcoin trades near $118,000 after reaching an all-time high of $123,000.
4. Institutional interest is growing, with digital asset ETFs recording $4.39 billion in weekly inflows and weekly trading turnover reaching $39.2 billion.
5. Regulatory developments, such as President Trump signing the GENIUS Act, are contributing to favorable conditions for Bitcoin adoption.
Description
NYSE-listed Sequans Communications has purchased an additional 1,264 Bitcoin for approximately $150 million at an average price of $118,659 per coin. This brings the French semiconductor company’s total holdings to 2,317 Bitcoin, acquired for $270 million as institutional adoption accelerates across global markets. A Trend That Cannot Be Ignored The acquisition follows a wave of corporate Bitcoin purchases in July, with Japanese Metaplanet adding 797 Bitcoin for $93.6 million , London-listed Sma...
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