Sequans acquires 1,264 bitcoin for $150 million treasury reserve

Sequans Communications S.A. (NYSE: SQNS) purchased an additional 1,264 bitcoin for approximately $150 million at an average price of $118,659 per bitcoin, according to a company statement.

The semiconductor company now holds 2,317 bitcoins acquired for approximately $270 million at an average price of $116,493 per bitcoin as of July 18, 2025.

Sequans specializes in wireless 4G/5G cellular technology for Internet of Things applications and has adopted bitcoin as its primary treasury reserve asset. The Paris-based company designs semiconductor solutions including integrated circuits, modules, software, and protocol stacks for IoT connectivity.

The company's approach involves acquiring bitcoin using proceeds from equity and debt issuances, cash from operations, and intellectual property monetization, according to the statement.

Founded in 2003, Sequans operates globally with offices in the United States, United Kingdom, Switzerland, Israel, Singapore, Finland, Taiwan, and China.

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