French semiconductor company Sequans sells remaining 314 Bitcoins, exits Bitcoin reserve strategy

PANews reported on September 25 that according to Cointelegraph, French semiconductor company Sequans Communications has sold its remaining 314 Bitcoins and completely exited the Bitcoin reserve strategy. The semiconductor company previously held more than 3,200 Bitcoins. Sequans said the exit, which follows the redemption of convertible debt in May, will allow the company to refocus on its core cellular Internet of Things (IoT) and software-defined radio businesses.

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