Sequans Communications S.A. (NYSE: SQNS), a global leader in cellular IoT semiconductor solutions, has taken a bold step in expanding its digital asset holdings. The company recently acquired an additional 683 bitcoins for approximately $79 million, with an average purchase price of $116,213 per bitcoin, including fees. This latest move highlights Sequans’ growing confidence in Bitcoin as a strategic long-term asset.
Sequans Now Holds Over 1,000 Bitcoins in Treasury
As of July 14, 2025, Sequans holds a total of 1,053 bitcoins, purchased at a cumulative cost of around $120 million. The average acquisition cost stands at $113,893 per bitcoin. This puts Sequans firmly on the map among a growing number of tech companies integrating cryptocurrency into their treasury management strategies.
The increased allocation signals more than a financial play—it reflects a firm belief in the long-term potential and resilience of Bitcoin as a store of value amid global financial shifts.
Tech Industry Embracing Crypto as a Treasury Strategy
Sequans’ move aligns with a broader trend in the tech world, where digital assets are becoming a core part of treasury diversification. By embracing Bitcoin, Sequans not only signals its confidence in the cryptocurrency market but also its commitment to innovation and forward-looking financial planning.
With its strong foundation in cellular IoT technologies, Sequans is leveraging digital assets to complement its technological evolution. As more companies in the tech sector explore similar strategies, Bitcoin’s role in corporate finance continues to gain legitimacy and momentum.
