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Sequans Buys $150M in Bitcoin, Doubling Down on BTC Treasury After $384M Raise
The purchase, funded by a recent private placement, aims to enhance financial resilience and create long-term value.
Updated Jul 21, 2025, 2:05 p.m. Published Jul 21, 2025, 11:50 a.m.
What to know:
- Sequans Communications purchased 1,264 bitcoin for $150 million, bringing its total holdings to 2,317 BTC.
- The average purchase price for the acquired bitcoin was $116,493 per BTC, including fees.
- The company aims to enhance its financial resilience and create long-term value by adopting bitcoin.
Sequans Communications (SQNS), a France-based semiconductor company, has added another 1,264 bitcoin to its balance sheet at an average cost of roughly $118,659 per coin, including fees.
The purchase, totaling $150 million, brings its total holdings to 2,317 BTC acquired for about $270 million. Its total average purchase price, including fees, is sitting at $116,493 per BTC.
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The company announced the acquisition just weeks after closing a $384 million private placement to help fund its bitcoin treasury strategy.
That raise included a mix of American depositary shares, convertible debentures and warrants. The company’s CEO Georges Karam has said it’s adopting BTC to enhance its financial resilience and create long-term value.
Sequans’ shares lost 9% during Friday’s trading session and are up 15.9% in pre-market trading.
Read more: Sequans Shares Jump 35% After $384M Debt-Equity Raise to Fund Bitcoin Treasury
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