Sequans Expands Holdings to 2,317 BTC With Latest $150 Million Purchase

Sequans Communications has acquired an additional 1,264 BTC for $150 million, bringing its total holdings to 2,317 BTC as it continues using bitcoin as its primary treasury reserve asset.

Chipmaker Sequans Doubles Down on Bitcoin With Fresh 1,264 BTC Buy

Sequans Communications S.A. (NYSE: SQNS), the Paris-based IoT semiconductor firm, has acquired 1,264 additional BTC for approximately $150 million. The purchase, completed at an average price of $118,659 per coin (including fees), brings the company’s total bitcoin holdings to 2,317 BTC, worth around $270 million based on acquisition cost.

The move cements Sequans’ position as one of the most aggressive corporate adopters of bitcoin, rivaling playbooks popularized by firms like Strategy, Metaplanet, and others. The company’s average purchase price now sits at $116,493 per bitcoin.

Unlike traditional treasury approaches, Sequans funds its BTC purchases through a mix of equity and debt financing, along with cash from operations and IP monetization. The company sees bitcoin not just as a reserve asset, but as a long-term strategic hedge and store of value.

BTC-1.14%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)