Paris-based semiconductor firm Sequans Communications S.A. (SQNS) has acquired an additional 755 Bitcoin for approximately $88.5 million, according to official announcements dated July 25, 2025. The purchase was executed at an average price of $117,296 per BTC including fees, utilizing the full net proceeds from an equity offering completed on July 7, 2025.
This acquisition brings Sequans' total Bitcoin reserves to 3,072 BTC, valued at approximately $358.5 million with an average acquisition cost of $116,690 per Bitcoin across all holdings. The company confirmed Bitcoin as its primary treasury reserve asset, adopting a strategy of accumulating BTC through equity/debt issuances, operational cash flow, and intellectual property monetization.
In an official statement, Sequans declared: "We view Bitcoin as a long-term store of value and intend to strategically accumulate it as our primary treasury reserve asset. Our approach involves acquiring and holding Bitcoin using net proceeds from equity and debt issuances—executed based on market conditions." This mirrors corporate treasury strategies pioneered by firms like MicroStrategy, signaling growing institutional adoption despite potential volatility risks to financial stability.