Sequans Transfers 970 BTC Worth $111M to Coinbase: Sale or Custody Shift?

Bitcoin treasury firm Sequans has transferred 970 BTC, valued at approximately $111 million,marking its first major outbound transaction since adopting a Bitcoin accumulation strategy, sparking speculation in the crypto community.

The Transfer: Scale and On-Chain Metrics

On-chain data confirmed the movement of 970 BTC, one of the largest U.S. cryptocurrency platforms, with no immediate price disruption. Sequans retains 2,264 BTC worth about $255 million, maintaining substantial holdings in the $2.19 trillion Bitcoin market. The transaction, first reported by Wu Blockchain on social media, aligns with Arkham Intelligence metrics showing no evident selling pressure based on exchange reserve and inflow data.

• Transfer Scale: 970 BTC ($111 million).
• Remaining Holdings: 2,264 BTC ($255 million).
• Metrics: No price impact; stable inflow patterns.

Market Reaction and Institutional Strategies

The event has drawn attention, as large transfers to exchanges often signal sales, but metrics indicate operational moves like custody or collateral management.

2025 Implications: $130K-$200K BTC Consensus

Analysts forecast BTC at $130K-$200K by year-end. Changelly sees $123,849 in October; Coin price $131,500. VanEch targets $180K-$200K on ETF inflows ($50B YTD). For investors, how to buy Bitcoin via compliant platforms ensures entry. How to sell Bitcoin and how to cash out Bitcoin offer liquidity. Sell Bitcoin for cash and convert Bitcoin to cash enable fiat conversions.

Trading Strategy: Cautious Longs

Short-term: Long above $114,000 targeting $120,000, stops at $112,000 (2% risk). Swing: Accumulate dips, staking for 5% APY. Watch on-chain flows; below $112,000, exit.

In summary, Sequans’ $111M BTC transfer to raises questions but signals treasury management, reinforcing Bitcoin’s institutional appeal in 2025’s resilient market.