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Sequans Communications Enters Bitcoin Treasury, Acquires 370 BTC
Sequans Communications (SQNS), a prominent cellular semiconductor manufacturer, has announced its entry into the Bitcoin treasury space with an initial purchase of 370 BTC. This acquisition is part of a newly implemented Bitcoin treasury strategy designed to enhance long-term shareholder value. The funding for this initial purchase originated from the company’s recent equity and convertible…
The market for cellular IoT technology provided by companies like Sequans is growing rapidly, fueled by demand for smart meters, etc.
Renesas Electronics Corporation and Sequans Communications will partner to develop IoT modules based on Sequans’ Monarch LTE-M/NB-IoT platform. The modules are designed to provide IoT companies with an integrated microcontroller (MCU) plus connectivity platform that streamlines and simplifies IoT system design for many applications, including smart city, smart home, and industrial IoT. The collaboration between the two companies includes providing support for multiple network providers worldwide.
