Sequans Communications Purchases $88.5M Worth of Bitcoins

Sequans Communications has purchased 755 additional bitcoins for approximately $88.5 million, bringing its total bitcoin holdings to 3,072. The purchase price averages $117,296 per bitcoin, inclusive of fees. The company acquired these bitcoins using the full net proceeds from its offering completed on July 25, 2025.

Paris, France -- Sequans Communications S.A. (NYSE: SQNS), a leading provider of cellular IoT semiconductor solutions, has announced the acquisition of an additional 755 bitcoins for approximately $88.5 million. The purchase price averages $117,296 per bitcoin, inclusive of fees. This latest acquisition brings the company's total bitcoin holdings to 3,072 bitcoins [1].

The bitcoins were acquired using the full net proceeds from the company's offering successfully completed on July 7, 2025. As of July 25, 2025, the total net investment in bitcoin by Sequans amounts to approximately $358.5 million, reflecting an average acquisition price inclusive of fees of $116,690 per bitcoin [1].

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. The company views Bitcoin as a long-term store of value and intends to strategically accumulate it as its primary treasury reserve asset. Sequans'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 [1].

Sequans Communications specializes in wireless 4G/5G cellular technology for the Internet of Things (IoT). The company's engineers design and develop innovative, secure, and scalable technologies that power the next generation of AI-connected applications, including secured payment, smart mobility and logistics, smart cities, industrial, e-health, and smart homes. The company offers a comprehensive portfolio of solutions, including integrated circuits (IC) of baseband processors and radio frequency (RF) transceivers, modules, software, and protocol stacks [1].

The company's strategic Bitcoin reserve and deep focus on semiconductor innovation position Sequans for long-term value creation. Sequans believes this combination will provide a competitive edge in the semiconductor market [1].

References:
[1] https://www.stocktitan.net/news/SQNS/sequans-acquires-755-additional-btc-and-now-holds-3072-hoxl7190kdja.html
[2] https://www.marketscreener.com/news/sequans-acquires-755-additional-btc-and-now-holds-3072-btc-ce7c5fd8da88f627