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Investing.com -- Sequans Communications S.A. (NYSE:SQNS) stock surged 6.9% following the company’s announcement of a significant Bitcoin acquisition for its treasury reserves.
The semiconductor company revealed it has purchased an additional 1,264 Bitcoin for approximately $150 million at an average price of about $118,659 per Bitcoin, including fees. As of July 18, 2025, Sequans holds a total of 2,317 Bitcoin acquired for approximately $270 million at an average price of around $116,493 per Bitcoin.
Sequans, primarily known as a provider of cellular IoT semiconductor solutions, has adopted Bitcoin as its main treasury reserve asset. The company stated it views Bitcoin as a "long-term store of value" and plans to continue accumulating it strategically using proceeds from equity and debt issuances, as well as cash generated from operations and intellectual property monetization.
The company continues to maintain its core business as a fabless semiconductor company specializing in wireless 4G/5G cellular technology for IoT applications. Sequans offers integrated circuits, modules, software, and protocol stacks, with platforms specifically designed for IoT applications.
Sequans believes its dual strategy of maintaining Bitcoin reserves while focusing on semiconductor innovation positions the company for "long-term value creation."
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