Sequans Adds 1,264 Bitcoin, Boosting Treasury to 2,317 BTC
Sequans Communications said it spent roughly US $150 million to acquire 1,264 bitcoin at an average price of about US $118,600 per coin, taking its treasury stash to 2,317 BTC worth close to US $270 million. The latest purchase cements the NYSE‑listed semiconductor firm’s status as one of Europe’s largest public bitcoin holders and follows a US $384 million capital raise completed earlier this month to fund its treasury strategy.
Chief Executive Georges Karam framed the move as a hedge against fiat debasement and a way to “enhance long‑term shareholder value,” pledging to funnel future operating profits into additional bitcoin buys. Sequans began its crypto pivot in early 2024, arguing that bitcoin’s fixed supply, deep liquidity and growing institutional acceptance make it a superior reserve asset compared with government bonds or cash.
Investors cheered the news, sending Sequans shares up more than 12 percent in pre‑market trading. Analysts say the bet distinguishes Sequans from rival IoT chipmakers and could attract new tech‑savvy shareholders, though skeptics warn of heightened balance‑sheet volatility if bitcoin prices swing sharply before the company’s core 5G and LTE‑M businesses reach sustained profitability.
Disclosure: This list is intended as an informational resource and is based on independent research and publicly available information. It does not imply that these businesses are the absolute best in their category. Learn more here.
This article may contain commission-based affiliate links. Learn more on our Privacy Policy page.
