Paris-based semiconductor company Sequans Communications has purchased 755 additional bitcoins, raising its total holdings to 3,072 BTC—valued at about $358.5 million.
The latest acquisition cost $88.5 million, funded entirely through proceeds from an equity offering completed on July 7. Sequans, which specializes in 4G and 5G chips for IoT devices, has made bitcoin its main treasury reserve asset. Its strategy includes accumulating bitcoin through equity and debt raises as well as revenues from operations and IP licensing.
Founded in 2003, Sequans operates globally and trades on NASDAQ under the ticker SQNS. With this move, it now controls roughly 0.17% of the total bitcoin supply. The firm joins a growing number of corporates shifting toward bitcoin as a long-term hedge against inflation and weakening fiat currencies. This trend reflects a broader shift in financial planning where bitcoin is treated as a store of value rather than a speculative asset.
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