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Sequans Communications Plunges 24.24% After Bitcoin Purchase
Generated by AI AgentAinvest Pre-Market Radar
Monday, Jul 28, 2025 7:05 am ET1min read
Aime SummaryOn July 28, 2025,
experienced a significant drop of 24.24% in pre-market trading, marking a notable decline in its stock price.Sequans Communications has recently expanded its Bitcoin holdings by acquiring an additional 755 bitcoins for approximately $88.5 million. This purchase brings the company's total Bitcoin holdings to 3,072 bitcoins, all acquired using the net proceeds from their July 7, 2025 offering. The total investment in Bitcoin now stands at approximately $358.5 million, with an average acquisition cost of $116,690 per bitcoin including fees.
Sequans Communications views Bitcoin as a long-term store of value and intends to strategically accumulate it as its primary treasury reserve asset. The company's approach involves acquiring and holding Bitcoin using net proceeds from equity and debt issuances, as well as cash generated from operations and intellectual property monetization. This strategy is part of Sequans' broader focus
innovation and long-term value creation.
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