Sequans Double Bitcoin to 2,317 BTC wit $150M Buy
Sequans Communications wey dey listed for NYSE don add 1,264 BTC worth $150 million, di average price na $118,659. Dis move don double dia total BTC dem hold to 2,317 BTC (≈$270 million). Since dem launch dia Bitcoin treasury strategy for June, di semiconductor company dey plan to continue buy BTC using equity and debt financing, operational cash flow, and IP revenue. Di aim na to protect against inflation, boost shareholders’ confidence, and make dia NYSE profile better. Dis move match well well with di wider corporate adoption—public companies’ Bitcoin holdings don rise 120% since July 2024. Institutional demand don dey increase: digital-asset ETFs get record weekly inflows of $4.39 billion, take AUM to $220 billion. With over 273 firms holding Bitcoin and altcoins like ETH and SOL in focus, Sequans’ strategy dey show say institutional demand dey grow and e support better outlook for BTC.
Bullish
Sequans $150 million BTC buy and im ongoing treasury strategy dem dey show say corporate demand for Bitcoin don strong well well. Short-term, di buy go create direct upward price pressure as institutional orders dey absorb market supply. Long-term, putting BTC as reserve asset through equity/debt financing plus operational cash flows dey show say corporate confidence dey grow, e resemble 120% surge for public-company holdings and record $4.39 billion digital-asset ETF inflows. Dis steady demand plus 273 firms wey dey hold Bitcoin now and rise in interest for ETH and SOL dey support bullish market outlook for BTC.