Sequans Dives Deeper into Bitcoin with a Whopping 683 BTC Purchase 🤑

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Sequans Communications has acquired 683 BTC, bringing its total holdings to 1,053 BTC worth approximately $120 million. The move reinforces the company’s commitment to bitcoin as a core treasury asset, because why not? 🤷‍♂️

Semiconductor Firm Sequans Deepens Bitcoin Strategy With 683 BTC Buy

Sequans Communications S.A. (NYSE: SQNS), a leader in cellular IoT semiconductor technology, has decided to throw caution to the wind and deepen its commitment to bitcoin by acquiring an additional 683 BTC for approximately $79 million. Because, you know, why not just buy a small country instead? 🌍

According to the announcement, this brings the company’s total bitcoin holdings to 1,053 BTC, purchased at an average cost of $113,893 per coin, inclusive of fees. That’s more than the GDP of some small islands! 🏝️

The strategic move comes just 1 month after Sequans adopted bitcoin as its primary treasury reserve asset in June 2025. By combining operational cash flow with capital from equity and debt markets, Sequans is actively pursuing a long-term financial strategy anchored in BTC. Because, you know, why not just print your own money? 🤑

“We believe our combination of a strategic bitcoin reserve and deep focus on semiconductor innovation positions Sequans for long-term value creation,” the company stated. Or, as they might say in the boardroom, “More BTC, more problems, but also more profits!” 🤑

Sequans joins a growing list of public companies leveraging bitcoin as a store of value amid inflationary pressures and monetary uncertainty. Its treasury strategy mirrors that of firms like Strategy and Sharplink Gaming, signaling a broader institutional shift toward digital reserves. Because, you know, why not just bet the farm on digital gold? 🏭

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2025-07-15 23:57