Sequans has purchased 370 bitcoins in the first batch and plans to increase his holdings to 3,000 in the coming weeks

Odaily News French IoT semiconductor company Sequans Communications announced that it has launched a Bitcoin reserve strategy and purchased 370 Bitcoins in the first batch with funds from the companys recent stock and convertible bond issuance. Sequans plans to hold more than 3,000 Bitcoins in the coming weeks and has chosen Coinbase as its custodian.