Sequans continues to increase the amount of Bitcoin held to 3.072 BTC

Harry
28/07/2025
Coin68 on Google News
Sequans has just purchased an additional 755 BTC for 88.5 million USD, increasing its total holdings to 3,072 BTC worth 358.5 million USD.
Sequans continues to increase the amount of Bitcoin held to 3.072 BTC
Sequans Communications S.A. ( abbreviated as Sequans) – a telecommunications company listed on the NYSE with the code SQNS – announced that it has purchased an additional 755 Bitcoin with a total value of 88.5 million USD, equivalent to 117,296 USD/BTC.
As of July 25, 2025, Sequans is holding a total of 3,072 BTC, with a total investment of approximately 358.5 million USD, at an average price of 116,690 USD/BTC. All of these BTC were purchased with funds raised from the securities issuance completed on July 7, 2025.
Sequans regards Bitcoin as a primary reserve treasury asset, serving as a long-term store of value. The company plans to strategically accumulate BTC through stock issuances, bonds, and profits from business operations. Sequans' strategy somewhat reflects the model of Strategy – the first company in the world to incorporate Bitcoin into its balance sheet as a long-term reserve asset, leading the wave of "BTC-ization" of corporate treasury.
With its headquarters in France and operations worldwide, Sequans not only pursues technological innovation but also applies a financial investment strategy based on a strong belief in the potential of Bitcoin. The company believes that the combination of IoT hardware innovation and accumulating BTC will be a solid foundation for creating long-term value for shareholders.
This is the next move just a few days after Sequans announced the purchase of 1,264 BTC on July 21 at an average price of 118,659 USD/BTC. In just 4 weeks since announcing its plan to accumulate Bitcoin, the company has quickly entered the top 25 publicly traded companies holding the most BTC in the world, according to data from Bitcoin Treasuries.