Sequans Communications Acquires Additional Bitcoins, Holding $370M Worth of Cryptocurrency

Sequans Communications has acquired 13 more bitcoins for approximately $1.5M, bringing its total holdings to 3,171 bitcoins worth about $370M. The company's average acquisition price per bitcoin is $116,709. SQNS is up 0.78% premarket to $1.27.

Paris, France — Sequans Communications S.A. (NYSE: SQNS), a leading provider of cellular IoT semiconductor solutions and a pioneer in adopting Bitcoin as its primary treasury reserve asset, has announced the acquisition of an additional 13 bitcoins for approximately $1.5 million. This acquisition brings the company's total holdings to 3,171 bitcoins, with a total net investment of approximately $370 million, as of August 8, 2025 [1].

The average purchase price per bitcoin, inclusive of fees, is $117,012. Sequans has been strategically accumulating Bitcoin using net proceeds from equity and debt issuances, as well as cash generated from operations and intellectual property monetization. The company views Bitcoin as a long-term investment and aims to continue building its Bitcoin treasury reserve [1].

As of July 2, 2025, SQNS is up 0.78% premarket, trading at $1.27. Sequans' management believes that the combination of a strategic Bitcoin reserve and its deep focus on semiconductor innovation positions the company for long-term value creation [1].

References:
[1] https://www.newsfilecorp.com/release/261974
[2] https://www.marketscreener.com/news/sequans-acquires-13-additional-btc-and-now-holds-3-171-btc-ce7c5ed2dc8aff24