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via Cointelegraph · By Cointelegraph Staff
French Company Abandons Crypto Treasury Strategy, Will Liquidate Bitcoin Holdings
BTC
BTC/USDT
$63,067.02
+0.06%
$63,067.02
+0.06%
(24s)24h Volume
$2,099,205,271.55
24h H/L
$63,175.00 / $62,968.45
Change: $206.55 (0.33%)
Long/Short
68.0%
Long: 68.0%Short: 32.0%
Funding Rate
+0.0038%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(05:22 PM UTC)
1 min read
The France-based semiconductor company that announced a move into crypto is “no longer pursuing” a treasury strategy after less than a year.
In a Thursday notice, Sequans Communications said it held 658 Bitcoin (BTC) worth about $48 million at the time of publication, which it said was “fully unencumbered” and unrestricted as it looks to refocus solely on Internet of Things (IoT) semiconductor…
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