French semiconductor company Sequans has boldly announced that it will invest a massive 550 billion won (approximately $400 million) entirely in BTC. This news caused Sequans' stock price to surge during trading, capturing the attention of global investors.
The Sequans CEO emphasized this decision as "part of the company's long-term asset strategy", expressing the intention to accumulate BTC like a 'vault', recognizing its value as digital gold. He explained that "Bitcoin possesses scarcity and security independent of central bank policies, and is the optimal means to defend the company's assets long-term". He added that "this strategy aligns well with our company's identity of handling innovative technologies".
Sequans provides low-power 4G/5G and IoT semiconductor solutions, having grown in European and North American markets. This announcement is noteworthy as traditional tech companies are increasingly accepting BTC as a new asset management alternative. Previously, US companies like Tesla and MicroStrategy have also purchased billions of won worth of BTC, triggering a global 'corporate vault BTC' trend.
Industry experts analyze that Sequans' move could be a signal promoting digital asset acceptance among European companies. However, they also point out that strengthening risk management is essential given Bitcoin's significant price volatility.
Attention is focused on whether Sequans' bold decision will influence investment strategies of other European manufacturing and tech companies, potentially establishing a new investment trend.
