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PARIS - Sequans Communications S.A. (NYSE:SQNS), currently trading at $1.28 and with a market capitalization of $183 million, has purchased an additional 13 bitcoins for approximately $1.5 million, representing an average price of $117,012 per bitcoin including fees, the company announced Monday. According to InvestingPro data, the stock has experienced significant volatility, having declined over 63% year-to-date.
The semiconductor firm, which specializes in cellular IoT solutions, now holds a total of 3,171 bitcoins as of August 8, 2025. The company’s total net investment in bitcoin amounts to approximately $370 million, with an average acquisition price of $116,709 per bitcoin including fees. InvestingPro analysis reveals the company maintains a healthy current ratio of 1.83, though it’s currently burning through cash at a concerning rate.
Sequans describes itself as a pioneer in adopting Bitcoin as its primary treasury reserve asset. According to the press release, the company’s approach involves acquiring and holding Bitcoin using proceeds from equity and debt issuances, as well as cash generated from operations and intellectual property monetization.
Founded in 2003 and headquartered in France, Sequans Communications develops wireless 4G/5G cellular technology for Internet of Things applications. The company offers solutions including LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms. Financial data from InvestingPro shows the company maintains impressive gross margins of 70%, though analysts expect sales to decline in the current year. Get access to 10+ additional exclusive ProTips and comprehensive analysis through InvestingPro’s detailed research reports.
The company states that it views Bitcoin as a long-term investment and plans to continue strategically accumulating it as its primary treasury reserve asset. The firm claims this strategy, combined with its focus on semiconductor innovation, positions it for long-term value creation. With a P/E ratio of 0.67 and trading near its 52-week low of $1.19, investors seeking deeper insights can access comprehensive valuation metrics and expert analysis through InvestingPro’s detailed research reports, available for over 1,400 US stocks.
Sequans operates globally with offices across the United States, United Kingdom, Switzerland, Israel, Singapore, Finland, Taiwan, and China.
In other recent news, Sequans Communications reported its second-quarter 2025 financial results, showing steady revenue of $8.1 million, unchanged from the first quarter but down 15.8% from $9.7 million in the same period last year. The company posted a net loss of $9.1 million, or $0.36 per diluted share, compared to a net loss of $7.3 million in the previous quarter. In a strategic move, Sequans has made significant investments in Bitcoin, acquiring an additional 755 bitcoins for approximately $88.5 million, bringing its total holdings to 3,072 bitcoins valued at about $358.5 million. This positions Sequans as the 21st largest publicly traded corporate Bitcoin holder globally, according to BitcoinTreasuries.net.
The company has also entered into a strategic Bitcoin Treasury Management Agreement with Swan Bitcoin to manage its Bitcoin strategy. Additionally, Sequans launched its Iris RF transceivers for software-defined radio applications, targeting sectors such as defense, aerospace, drones, and 5G systems. The new Iris SQN9506 transceiver offers a wide frequency range and high channel density, supporting advanced configurations. These developments reflect Sequans’ efforts to diversify its portfolio and strengthen its market position.
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