Shares of Sequans Communications S.A. (NYSE:SQNS) climbed 6.9% after the semiconductor firm disclosed a substantial addition to its Bitcoin holdings, signaling an expanded commitment to cryptocurrency as a treasury reserve asset.
The company announced that it recently acquired 1,264 Bitcoin for about $150 million, with an average purchase price of approximately $118,659 per coin, including fees. As of July 18, 2025, Sequans now holds a total of 2,317 Bitcoin, acquired for roughly $270 million, at an average cost of around $116,493 per Bitcoin.
Sequans, a leader in cellular Internet-of-Things (IoT) semiconductor solutions, has formally adopted Bitcoin as its principal treasury reserve asset. In a company statement, it described the move as part of a broader vision to treat Bitcoin as a “long-term store of value.” The firm also said it plans to continue building its Bitcoin reserves by using proceeds from both equity and debt raises, as well as cash flow from operations and the monetization of its intellectual property.
Despite its foray into crypto, the company affirmed its ongoing dedication to its semiconductor business. Sequans operates as a fabless semiconductor provider specializing in wireless 4G and 5G solutions for the IoT sector. Its product portfolio includes chips, modules, software, and complete protocol stacks tailored to industrial, consumer, and enterprise applications.
Sequans said it believes that its dual-track approach—combining innovation in wireless IoT semiconductors with strategic Bitcoin accumulation—positions it for “long-term value creation.”
Sequans Communications stock price
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