Sequans Communications acquires 755 bitcoins for $88.5 million

PARIS - Sequans Communications S.A. (NYSE:SQNS), currently trading at $1.98 with a market capitalization of $283 million, has purchased an additional 755 bitcoins for approximately $88.5 million at an average price of $117,296 per bitcoin, including fees, the company announced Monday.

The semiconductor provider, which maintains a healthy balance sheet with more cash than debt and a strong current ratio of 1.94, now holds a total of 3,072 bitcoins as of July 25, representing a total investment of approximately $358.5 million at an average acquisition price of $116,690 per bitcoin, inclusive of fees.

The company completed the bitcoin purchase using the full net proceeds from an offering that closed on July 7, 2025.

Sequans, a fabless semiconductor company specializing in cellular IoT solutions, has positioned bitcoin as its primary treasury reserve asset. The firm designs and develops wireless 4G/5G cellular technology for Internet of Things applications, with products including integrated circuits, modules, and software. With impressive revenue growth of 40% and a robust gross profit margin of 75%, InvestingPro analysis reveals 12 additional key insights about the company’s performance and potential.

Founded in 2003, the France-headquartered company operates globally with offices across the United States, United Kingdom, Switzerland, Israel, Singapore, Finland, Taiwan, and China.

The information in this article is based on a company press release statement.

In other recent news, Sequans Communications has made significant strides in its Bitcoin treasury management strategy. The company has acquired an additional 1,264 Bitcoin for approximately $150 million, bringing its total holdings to 2,317 Bitcoin. This positions Sequans as the 21st largest publicly traded corporate Bitcoin holder globally. The average purchase price for these holdings is around $116,493 per Bitcoin, according to BitcoinTreasuries.net. Sequans has partnered with Swan Bitcoin to advise and implement its Bitcoin treasury strategy, strengthening its financial management approach.

Additionally, Sequans unveiled its new Iris line of RF Integrated Transceivers designed for software-defined radio applications. The Iris SQN9506, the flagship product, features an ultra-wide frequency range and supports high channel density, making it suitable for defense, aerospace, drones, and 5G systems. These developments reflect Sequans’ ongoing commitment to innovation and strategic financial management.

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