Analyst: Bitcoin treasury company Sequans transfers 970 BTC, suspected to be the first sale

according to crypto analyst Emmett Gallic's monitoring, the Bitcoin treasury company Sequans, which holds over 3,200 BTC, transferred 970 BTC.

The company sent the Bitcoin to an address that subsequently tested an unused address, which is suspected to be a Coinbase deposit address. Analysts say that if confirmed, this would be Sequans' first sale of Bitcoin since its establishment.