Sequans has purchased an initial batch of 370 Bitcoin and plans to increase its holdings to 3,000 in the coming weeks.

French IoT semiconductor company Sequans Communications has announced the launch of a Bitcoin reserve strategy and has purchased an initial 370 Bitcoin with proceeds from the company's recent stock and convertible bond offerings. Sequans plans to accumulate more than 3,000 Bitcoin in the coming weeks and has chosen Coinbase as its custodian. [Odaily Planet Daily]