Sequans Spends $200M on Bitcoin: Will They Mine Gold or Just Dig a Hole?

In a move that’s either visionary or a very French bet on the future, Sequans has decided to splash $200 million on expanding their Bitcoin stash. The plan? To amass 100,000 BTC by 2030-because who needs a time machine when you can just *hope* the market stays kind? Currently sitting on 3,000 BTC, which is enough to buy a small island… if only islands accepted crypto. 🏝️💸

Their strategy of “gradually buying more” sounds suspiciously like “we’ll cross that bridge when we burn it.” But hey, at least they’re aligning with the latest tech trend of treating Bitcoin like a magical piggy bank. Because nothing says “long-term stability” like a currency that fluctuates more than a chandelier in an earthquake. 🌍📉

The freshly minted funds will presumably help Sequans hold their ground in the Bitcoin arms race. Whether this is the next gold rush or a glorified trip to the moon remains to be seen. 🚀🌕 Only time will tell if this boosts shareholder value-or just their confidence in wearing Bitcoin on a T-shirt. 🧠🤑

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2025-08-26 09:22