Sequans to Expand Bitcoin Holdings with $200 Million Investment

Technology firm Sequans Communications has announced plans to invest $200 million in Bitcoin, increasing its treasury reserve and signaling a strategic shift towards cryptocurrency as an asset. This move reflects growing corporate adoption of Bitcoin by tech companies like MicroStrategy. 100,000 BTC will form the company’s long-term objective for Bitcoin reserves. The announcement doesn’t affect other cryptocurrencies such as Ethereum or altcoins, emphasizing a narrow focus on Bitcoin.