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PARIS - Sequans Communications S.A. (NYSE:SQNS), currently valued at $140 million in market capitalization, has purchased an additional 29 Bitcoin for approximately $3.4 million at an average price of $115,517 per Bitcoin including fees, according to a company statement released Monday.
The semiconductor company now holds approximately 3,234 Bitcoin as of October 3, 2025, representing a total net investment of about $377.2 million at an average acquisition price of $116,643 per Bitcoin including fees. At current market prices above $123,000, the company’s Bitcoin holdings have an estimated fair value of around $400 million. According to InvestingPro data, the company maintains a healthy current ratio of 1.83, indicating strong ability to meet short-term obligations.
Sequans, which describes itself as a pioneer in adopting Bitcoin as its primary treasury reserve asset, continues to expand its cryptocurrency holdings as part of its financial strategy. The company states it views Bitcoin as a "scarce and durable form of money" that provides long-term protection for shareholder value amid global monetary expansion. InvestingPro analysis reveals 15+ additional insights about Sequans’ financial health and market position, available in the comprehensive Pro Research Report.
Founded in 2003, Sequans operates as a fabless semiconductor company specializing in wireless 4G/5G cellular technology for Internet of Things (IoT) applications. The France-headquartered firm maintains offices across multiple countries including the United States, United Kingdom, Switzerland, Israel, Finland, Taiwan, and China.
The company’s Bitcoin acquisition strategy involves using net proceeds from equity and debt issuances as well as cash generated from operations and intellectual property monetization, based on market conditions, according to the press release.
In other recent news, Sequans Communications reported disappointing financial results for Q1 2025, with earnings per share of -$3.6, significantly missing the forecast of -$0.06. The company’s revenue also fell short, registering $8.14 million against an expected $15.4 million. In addition to these earnings results, Sequans has announced several strategic initiatives. The company has established a $200 million "at the market" equity offering program, allowing it to sell American Depositary Shares at its discretion. Sequans is also launching a new business initiative focused on technology IP licensing and engineering services, expanding its offerings beyond traditional semiconductor product sales. The Board of Directors has approved a change in the ADS ratio from 1:10 to 1:100, effective September 17, 2025, which will function like a one-for-ten reverse split. Furthermore, Sequans has initiated a share repurchase program to buy back up to 1.57 million ADSs, representing about 10% of its currently outstanding ADSs.
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