Darling, Sequans Communications has done it againāsplashing a cool $150 million on 1,264 shiny new BTC like a tipsy socialite at a Cartier sale. Their total? A positively vulgar 2,317 BTC. Mon dieu! š
Sequans Plays Bitcoin RouletteāAnd Wins (For Now) š°
Sequans Communications S.A. (NYSE: SQNS), those plucky Parisian chipmakers with more audacity than sense, have snapped up another 1,264 BTC for the bargain price of $118,659 per coin (plus fees, darlingānever forget the fees). Their total haul? 2,317 BTC worth approximately $270 million, or as I like to call it, “one yacht and a lifetime supply of regret.” šø
This bold maneuver places Sequans firmly in the “hold my champagne” category of corporate bitcoin enthusiasts, rubbing elbows with the likes of Strategy and Metaplanet. Their average buy-in? A mere $116,493 per coināchump change, really, if one ignores the occasional market tantrum. š¬
Unlike your average, boring treasury department, Sequans funds these little shopping sprees with a delightful cocktail of equity, debt, and whatever loose change they find in the corporate sofa. Theyāre not just hoarding bitcoinātheyāre making a statement, darling. And that statement is: “To hell with bonds, weāre going digital!” š
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2025-07-21 19:28