Paris-Based Semiconductor Firm Sequans Boosts Bitcoin Treasury to Over 3,000 Coins

Sequans Communications S.A. has acquired an additional 755 bitcoins for approximately $88.5 million.

Sequans Acquires an Additional 755 Bitcoin

The Paris-based semiconductor company disclosed that it purchased the leading cryptocurrency at an average price of $117,296 per bitcoin, inclusive of fees and expenses. This transaction brings Sequans’ total bitcoin holdings to 3,072 coins as of July 25, 2025.

All 3,072 bitcoins were acquired using the full net proceeds from the company’s equity offering completed on July 7, 2025. Sequans’ total net investment in bitcoin now amounts to approximately $358.5 million, reflecting an average acquisition cost of $116,690 per bitcoin, inclusive of fees.

SQNS share prices have been turbulent over the past week. Sequans, which said it pioneered adopting bitcoin as a primary treasury reserve asset for a publicly-traded semiconductor firm, views bitcoin as a long-term store of value. The company stated it strategically accumulates BTC using net proceeds from equity and debt issuances, operational cash flow, and intellectual property (IP) monetization.

As a provider of 4G/5G cellular Internet of Things (IoT) chips and solutions, Sequans designs semiconductors for applications like secured payment, smart mobility, industrial systems, and smart homes. Its technology portfolio includes baseband processors, RF transceivers, modules, and software.

Founded in 2003 and headquartered in Paris, Sequans (NYSE: SQNS) operates globally with offices across the U.S., Europe, and Asia. The company believes that combining its bitcoin reserve strategy with semiconductor innovation drives long-term value.

However, SQNS shares are down 28% on Monday, and shares have lost 41% over the past five trading sessions. The company currently has a modest market valuation of $50.27 million.