Why Did Sequans Communications SA (SQNS) Plunge 13.13% After Bitcoin Investment?
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最新报道：Sequans Communications SA (SQNS) shares plunged 13% after announcing a $2 million Bitcoin investment as part of its treasury strategy. The French semiconductor firm disclosed the BTC purchase in its Q4 earnings report, stating it aims to diversify assets. The move follows similar corporate Bitcoin acquisitions by MicroStrategy and Tesla. Sequans reported a net loss of $7.6 million last quarter amid declining IoT chip demand. Analysts question the timing as Bitcoin remains volatile near $52,000. The company holds 38 BTC at an average price of $52,600 per coin. CEO Georges Karam emphasized long-term confidence in cryptocurrency despite short-term market fluctuations.
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