Sequans: Northland Capital Markets initiates coverage with Outperform rating, PT $3.5.

Sequans: Northland Capital Markets initiates coverage with Outperform rating, PT $3.5.

Sequans Communications S.A. (NYSE: SQNS), a leading fabless semiconductor company specializing in wireless 4G/5G cellular technology for the Internet of Things (IoT), has recently expanded its Bitcoin holdings. On August 1, 2025, the company acquired an additional 85 bitcoins for approximately $10.0 million, averaging $117,360 per bitcoin [1]. This latest acquisition brings Sequans' total Bitcoin holdings to 3,157 bitcoins, representing a total net investment of approximately $368.5 million [2].

The acquisition comes on the heels of a significant purchase made on July 28, where Sequans added 755 bitcoins for approximately $88.5 million, at an average price of $117,296 per BTC [1]. This previous acquisition was funded through proceeds from an equity offering completed on July 7 [1].

Sequans has been consistently accumulating bitcoins as part of its treasury strategy. The company views Bitcoin as a long-term investment and intends to strategically accumulate it as its primary treasury reserve asset [2]. The latest acquisition further solidifies Sequans' commitment to Bitcoin, positioning the company alongside other corporate adopters of the cryptocurrency.

In a separate development, Northland Capital Markets has initiated coverage on Sequans Communications with an Outperform rating and a price target of $3.50 per share [3]. This rating reflects the firm's positive outlook on the company's strategic Bitcoin reserve and semiconductor innovation.

Sequans Communications, founded in 2003, is headquartered in France and operates globally, with offices in the United States, United Kingdom, Switzerland, Israel, Singapore, Finland, Taiwan, and China [2]. The company's strategic Bitcoin reserve and deep focus on semiconductor innovation position it for long-term value creation.

References:
[1] https://www.cryptotimes.io/2025/08/04/sequans-buys-85-more-bitcoins-total-holdings-now-3157-btc/
[2] https://www.barchart.com/story/news/33853637/sequans-acquires-85-additional-btc-and-now-holds-3-157-btc
[3] https://www.northlandcapital.com/sequans-communications-outperform-3-5