Bitcoin News Today: Sequans Adds $10M in Bitcoin to Treasury Holdings as Corporate Buying Grows

Sequans Communications, a French technology firm, has deepened its commitment to Bitcoin by adding $10 million worth of BTC to its treasury holdings, acquiring 85 additional bitcoins at an average cost of $117,360 per coin, including fees. This brings the company’s total Bitcoin holdings to 3,157 BTC as of August 1. The recent purchase builds on a prior acquisition of 755 BTC made on July 28, raising the company’s total investment in Bitcoin to nearly $368.5 million, with an average cost of $116,708 per coin after fees [1].

The move underscores Sequans’ strategic position as a leader in corporate Bitcoin treasury management, with the firm explicitly stating its intent to hold Bitcoin as its core reserve asset over the long term. This aligns with a broader trend of institutional investors and companies increasing their exposure to Bitcoin as a form of diversification and inflation hedge [1].

Beyond Sequans, global corporate and institutional accumulation of Bitcoin remains robust. For instance, South Korea’s Bitmax has grown its holdings to 500.123 BTC through incremental purchases, while Sweden’s H100 Group raised $2.2 million to expand its Bitcoin reserves. In the UK, Coinsilium Forza added 57.54 BTC, bringing its total to 182 coins. Meanwhile, Japan-based Convano has outlined a plan to acquire 21,000 BTC by 2027, reflecting a long-term view of Bitcoin’s role in corporate asset management [1].

Government-level adoption is also gaining momentum. El Salvador, which has been purchasing one bitcoin per day for 992 consecutive days, now holds 6,259 BTC, valued at over $715 million at $114,558 per coin. This ongoing accumulation highlights a shift in public-sector thinking about Bitcoin, with the asset increasingly seen as a strategic reserve currency [1].

Market indicators further reinforce the strength of Bitcoin accumulation. Data from CryptoQuant shows that over the past 30 days, more than 160,000 BTC have been removed from circulation, with institutional and long-term holder wallets—known as accumulator addresses—adding approximately 50,000 BTC. Simultaneously, the supply of Bitcoin available on over-the-counter (OTC) desks has dropped significantly to 145,000 BTC, down from 550,000 BTC in 2021. This trend reflects a tightening supply dynamic and stronger long-term holding intentions [1].

Taken together, these developments suggest a market environment in which Bitcoin is increasingly treated as a serious reserve asset by both corporate and institutional actors. The continued accumulation amid a market price around $114,000 indicates that large holders are not only weathering volatility but actively positioning for long-term growth. Binance co-founder Changpeng Zhao has previously warned of a global “race” for Bitcoin, with countries and companies that delay entry potentially facing higher acquisition costs in the future [1].

Source: [1] Sequans Extends Bitcoin Strategy With New $10M Purchase as Corporate Buying Persists (https://coinmarketcap.com/community/articles/689210adabfc3923f0f7ae5b/)