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.
Sequans Expands Holdings to 2,317 BTC With Latest $150 Million Purchase
WRITTEN BY
SHARE
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.
