Bitcoin treasury company Sequans moves 970 BTC to Coinbase Prime
Crypto Briefing
French firm Sequans Communications transferred 970 BTC, valued at $111 million, to Coinbase Prime on Tuesday.Summary
French semiconductor firm Sequans Communications, which began accumulating Bitcoin in July, moved 970 BTC, worth approximately $111 million, to Coinbase Prime on October 28th. This transfer reduced the Sequans-labeled wallet's holdings from 3,234 BTC to 2,264 BTC. Sequans, backed by the French government, previously announced its ambitious goal to acquire up to 100,000 BTC by 2030, funding the initiative through private placements earlier this year. Following the news, Sequans (SQNS) shares closed up 4.5%, despite the stock having significantly dropped from its July high.
(Source：Crypto Briefing)