France-Headquartered Sequans Acquires 85 Additional Bitcoin, Raising Total Holdings to 3,157 BTC
Sequans Communications S.A. (NYSE: SQNS), a Bitcoin Treasury company and a provider of 5G/4G cellular semiconductor solutions, announced on August 4, 2025, the acquisition of an additional 85 bitcoins for approximately $10 million, at an average purchase price of $117,360 per bitcoin, including fees.
As of August 1, 2025, the company now holds a total of 3,157 bitcoins, with a total net investment of approximately $368.5 million, reflecting an average acquisition price of $116,708 per bitcoin. Sequans views bitcoin as a long-term investment and aims to strategically accumulate it as its primary treasury reserve asset, utilizing proceeds from equity and debt issuances, as well as cash generated from operations. Headquartered in France and operating globally, Sequans has offices in the United States, United Kingdom, Switzerland, Israel, Singapore, Finland, Taiwan, and China.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
![[Bitpush Daily News Highlights] Ripple, Circle, and three other crypto companies receive conditional bank license approval in the US; Tether submits an all-cash acquisition offer, aiming for full control of Serie A giant Juventus and pledges to inject 1 billion euros; Moody’s plans to launch a stablecoin rating framework, with reserve asset quality as the core indicator; Fogo cancels its $20 million token presale, mainnet launch will switch to airdrop distribution.](https://img.bgstatic.com/multiLang/image/social/96c285805bf77c355ca73a8b952ce0b91765614780984.png)
Trend Research: The "Blockchain Revolution" is underway, remaining bullish on Ethereum
In a scenario of extreme fear, where capital and sentiment have not yet fully recovered, ETH is still in a relatively good buying "strike zone."
Should You Still Believe in Crypto
No industry has always been right along the way, until it truly changes the world.
Gavin Wood: After EVM, JAM will become the new industry consensus!
Trending news
MoreCrypto prices
More
