— Bitcoin, Sequans Communications
Sequans dumps bitcoin treasury after less than a year
Bitcoin treasury company Sequans Communications is selling all of its coins. Its stock price is down 80% since first acquiring BTC.
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— Bitcoin, Sequans Communications
Bitcoin treasury company Sequans Communications is selling all of its coins. Its stock price is down 80% since first acquiring BTC.
Read more (3 min) →Strategy has been adding BTC to its treasury at its slowest rate in five years. Worse, its mNAV is also falling.
Public treasury companies have raised about $10 billion this year to buy BTC, yet the spot price keeps falling.
Scott Bessent confirmed a disappointing amount of US government bitcoin this morning, putting the number at $15B to $20B.
The Bitcoin Policy Institute published a report endorsing a strategic reserve of bitcoin akin to US strategic reserves of gold or petroleum.