Sequans Communications, a French company semiconductors based in French, today announced the purchase of 1264 Bitcoins (BTC) for a total number of USD 150 million, on average 118,659 USD for BTC. This latest acquisition leads the total BTC company to 2317 BTC.
The sequans extends Bitcoin shares by 1,264 BTC purchase
In the advertisement published today, French company sequans revealed He purchased 1264 BTC in the latest purchase. The company listed on the Novel York Stock Exchange (NYSE) currently has 2317 BTC, acquired at an average price of $ 116,493 for BTC, including fees.
Sequans have recently closed a private private internship worth $ 384 million, aimed at financing the growing Bitcoin treasury strategy. President Georges Karam emphasized that the company’s decision to enhance the BTC exhibition results from the purpose of increasing financial resistance and long -term strategic optionality.
According to details, the contract consisted of the sale of US deposit (ADS) in the amount of $ 195 million. In addition, the agreement covered orders of $ 1.40, with 189 million five -year dollars secured replacement bonds worth 4%.
After today’s announcement, the price of the sequans shares increased by 8.2%, traded by USD 2.89 at the time of writing. However, shares fall by 12.5% during the year (YTD).
Today’s purchases are placed in communication between leading listed companies with significant Treasuries Bitcoin. According to Coingecko dataOnly 17 companies around the world have over 2000 BTC on their balances.
The Strategy of Michael Saylor remains the undisputed leader who announced today an additional 6220 BTC, worth almost $ 740 million. For now, the strategy has 607 770 BTC at an average cost of about 71,756 USD for BTC.
Other names among the 10 most essential Bitcoin owners are Mara Holdings, Riot Platforms, XXI, Metaplanet, Galaxy Digital Holdings, Tesla and Coinbase. Main Bitcoin mining companies, such as Cleanspark Inc. And Hut 8 Mining Corp complement the list.
Wall Street Witness of Bitcoin madness
Last week there was an unprecedented wave of Bitcoin acquisition activities. From July 14 to July 19 there were at least 58 public Ads Related to BTC purchases by institutional players.
A week ago, the Japanese company Metaplanet announced Purchase of 797 BTC, driving the total number of resources up to 16 352 BTC. Similarly, noted on Nasdaq Semler Scientific exposed Taking over 210 BTC last week.
It seems that the Bitcoins’ corporate hug spreads beyond ordinary suspects in the USA and Asia. Canadian companies They also begin to discover BTC as part of the strategy of tax allocation, which can speed up if the current rush of the market occurs. During the BTC press it trades at USD 118,933, which is an enhance of 0.5% in the last 24 hours.
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