DAT Firm Sequans Transfers $111M BTC to Coinbase — Sale or Custody Move?

Bitcoin treasury company Sequans transferred 970 BTC worth approximately $111 million to Coinbase, marking its first major outbound transaction since adopting its Bitcoin treasury strategy. The company still holds around 2,264 BTC valued at approximately $255 million, raising questions about whether this represents an imminent sale or merely a custody reorganization. Transaction Details Raise Market Speculation On-chain data confirmed that Sequans executed a substantial Bitcoin transfer to Coinbase, one of the largest cryptocurrency exchanges in the US. According to blockchain analytics, this movement represents the company’s inaugural large-scale outbound transaction since implementing its Bitcoin accumulation policy source: https://beincrypto.com/sequans-moves-970-btc-to-coinbase-sale-or-custody-shift/