Symbols

Sequans Communications (SQNS) Soars 11.44% on Bitcoin Investment

Generated by AI AgentAinvest Pre-Market Radar

Wednesday, Jul 23, 2025 6:13 am ET1min read

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SQNS--

Aime Summary

- Sequans Communications (SQNS) surged 11.44% in pre-market trading on July 23, 2025, driven by its Bitcoin investment.

- The French semiconductor firm added 1,264 BTC, totaling 2,317 BTC at an average $116,493 each, with a $270M investment.

- A conference call will address Q2 2025 results and strategic initiatives, including Bitcoin’s role in corporate strategy.

Sequans Communications (SQNS) has seen a significant rise in its stock price, with a 11.44% increase in pre-market trading on July 23, 2025.

Sequans Communications, a France-based semiconductor company, has recently expanded its BitcoinBTC-- holdings by acquiring an additional 1,264 BTC. This purchase brings the company's total Bitcoin holdings to 2,317 BTC, acquired at an average price of approximately $116,493 per BTC, including fees. The total investment in Bitcoin now stands at around $270 million.

Sequans Communications has announced that it will hold a conference call to review its second-quarter 2025 results. This call is expected to provide further insights into the company's financial performance and strategic initiatives, including its significant investment in Bitcoin.

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