Sequans Communications has acquired an additional 1,264 Bitcoins for about $150 million, at an average price of $118,659 each. As of July 18, 2025, the company holds 2,317 Bitcoins, totaling around $270 million at an average price of $116,493. Since June 2025, Sequans designated Bitcoin as its primary treasury reserve asset, financed through equity, debt issuances, and operational cash. The recent purchase followed a prior acquisition of 683 Bitcoins for $79 million. CEO Georges Karam believes in Bitcoin's potential to enhance financial resilience and shareholder value.
"As of July 18, 2025, we hold 2,317 Bitcoins acquired for ~$270 million at an average price inclusive of fees of ~$116,493 per Bitcoin."
"We view Bitcoin as a long-term store of value and intend to strategically accumulate it as our primary treasury reserve asset."
"With the closing of this financing, we are excited to begin executing our Bitcoin treasury strategy."
"We believe Bitcoin's unique properties will enhance our financial resilience and create long-term value for our shareholders."
Collection
[
|
...
]