Sequans Communications is a 4G/5G IoT semiconductor company based in Paris. announced The purchase of additional Bitcoins is estimated to cost $150 Million. The acquisition of 1 264 bitcoins for an estimated $150 million. purchase Was made on average at a price of $118.659 per BitcoinIncluded in the price are all fees.
“As of July 18, 2025, we hold 2,317 Bitcoins acquired for ~$270 million at an average price inclusive of fees of ~$116,493 per Bitcoin,” In its press release, the company made a statement.
Sequans was the first company to adopt Bitcoin for corporate use in June 2025. formally declared Bitcoin is the company’s primary reserve currency. These purchases are funded by the net proceeds of equity and debt offerings, cash generated through operations and intellectual properties monetization.
“We view Bitcoin as a long-term store of value and intend to strategically accumulate it as our primary treasury reserve asset,” The company stressed.
The latest acquisition follows earlier purchases. Sequans purchased the Sequans just one week prior, on July 14, 2020. disclosed It purchased 683 BTCs for $79 Million, increasing its holdings to 1,053 BTCs.
This acquisition occurred shortly after the Company raised $384 million in funding — $195 million through equity and $189 million via secured convertible debentures — to support its Bitcoin treasury initiative. There were also common warrants, which could generate an additional $56,6 million of capital in the event they are exercised.
“With the closing of this financing, we are excited to begin executing our Bitcoin treasury strategy,” Georges Karam CEO Sequans. “We believe Bitcoin’s unique properties will enhance our financial resilience and create long-term value for our shareholders.”
Sequans is partnering with Swan Bitcoin for secure custody, liquidity and to further its commitment to an all-Bitcoin balance sheet. Sequans’s holding of 2,317 BTC shows that it is committed to Bitcoin as a future treasury tool.
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Source: bitcoinmagazine.com
