Sequans Invests $111 Million in Bitcoin: Signalling Growing Institutional Adoption

A significant development has unfolded in the world of digital assets, signaling a growing trend: Nasdaq-listed semiconductor firm Sequans Communications made a substantial deposit of 970 Bitcoin (BTC), valued at approximately $111 million, to Coinbase. This action was reported by Wu Blockchain, citing data from Arkham Intelligence, and marks a crucial milestone for the company as they adopt Bitcoin strategically as part of their treasury strategy. This move highlights the accelerating pace of institutional Bitcoin adoption.