Bitcoin Custody Firm Sequans Holds 3,200+ BTC, Alleged 970 BTC Transfer to Coinbase Signals Possible First Bitcoin Sale Since Founding
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COINOTAG News, dated October 29, citing Emmett Gallic’s monitoring, reports that Sequans, a Bitcoin custody provider, holds more than 3,200 BTC, underscoring the scale managed by a dedicated crypto custody operator.
According to the same briefing, approximately eight hours ago Sequans transferred 970 BTC to Coinbase, a move that could signify the firm’s first Bitcoin sale since its inception, rather than a routine reallocation.
Such reserve movements highlight ongoing scrutiny of custody flows and exchange interactions within the sector. For readers, the development stresses the value of verifiable disclosures and continuous monitoring from credible trackers to assess liquidity and risk in institutional crypto storage.