Bitcoin News Today: Sequans Adds 13 Bitcoin Boosting Holdings to $370M as Crypto Volatility Persists

Sequans Communications (NYSE:SQNS) disclosed on Aug. 8, 2025, that it now holds 3,171 bitcoin with a total estimated value of $370 million. This follows the company's recent purchase of 13 additional bitcoin for approximately $1.5 million, bringing its average acquisition cost—including fees—to $116,709 per bitcoin [1]. The latest purchase was made at an average price of $117,012 per bitcoin, indicating the company continues to add to its digital asset holdings amid ongoing volatility in the crypto market.

The announcement came as the company’s stock traded down 0.78125% in premarket trading to $1.27, reflecting a mixed investor response to the news. The move aligns with a growing trend among technology and telecom firms to invest in bitcoin, treating it as a strategic long-term asset. Sequans’ digital currency reserves are held directly on-chain, with full transparency on the public blockchain, and are not collateralized against any debt or short-term liabilities.

The firm has not disclosed its overall investment strategy for the bitcoin holdings or whether future purchases are planned. However, the average cost of $116,709 per bitcoin suggests that Sequans has been accumulating during both bullish and bearish cycles, potentially seeking to balance exposure and reduce the impact of short-term price swings. The company has not commented on whether it plans to liquidate any portion of its holdings in the near term or integrate them into broader corporate financial strategies.

The report highlights the increasing mainstream adoption of bitcoin across industries traditionally skeptical of digital assets. While Sequans has not issued any formal guidance on how the bitcoin holdings might impact future earnings or shareholder returns, the significant unrealized value represents a notable portion of its market capitalization. Investors are likely monitoring how the firm will manage and potentially leverage these assets in the coming quarters.

[1] Source: Sequans Reports $370M Worth of Bitcoin Holdings

Url: https://seekingalpha.com/news/4483080-sequans-reports-370m-worth-of-bitcoin-holdings