Sequans Communications (SQNS) Soars 11.44% on Bitcoin Investment

Sequans Communications (SQNS) has seen a significant rise in its stock price, with a 11.44% increase in pre-market trading on July 23, 2025.

Sequans Communications, a France-based semiconductor company, has recently expanded its Bitcoin holdings by acquiring an additional 1,264 BTC. This purchase brings the company's total Bitcoin holdings to 2,317 BTC, acquired at an average price of approximately $116,493 per BTC, including fees. The total investment in Bitcoin now stands at around $270 million.

Sequans Communications has announced that it will hold a conference call to review its second-quarter 2025 results. This call is expected to provide further insights into the company's financial performance and strategic initiatives, including its significant investment in Bitcoin.