Sequans Communications S.A. announced on July 14, 2025, the acquisition of an additional 683 bitcoin. This purchase was made for approximately $79 million, at an average price of approximately $116,213 per bitcoin, inclusive of fees.
As of July 14, 2025, the company's total Bitcoin holdings reached 1,053 BTC, acquired for approximately $120 million at an average price of approximately $113,893 per bitcoin. This marks a significant increase in its digital asset reserves.
This acquisition is part of Sequans' ongoing Bitcoin treasury strategy, which aims to strategically accumulate Bitcoin as its primary treasury reserve asset. The company uses proceeds from equity and debt financing, along with cash flows, for these acquisitions.
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