Paris-based semiconductor firm Sequans Communications has deepened its commitment to Bitcoin, acquiring 85 more BTC for nearly $10 million.
The latest buy, confirmed August 1, brings Sequans’ total Bitcoin holdings to 3,157 BTC, valued at approximately $368.5 million with a cost basis of $116,708 per coin.
This purchase follows a July 28 acquisition of 755 BTC for $88.5 million, funded through a July 7 equity raise.
Sequans has embraced Bitcoin as its primary treasury reserve asset and plans to expand holdings using a mix of operational revenue, equity/debt raises, and licensing income. Known for producing 4G and 5G IoT chips, the company is taking an unorthodox yet strategic approach by integrating digital assets into its financial structure.
This move places Sequans among an aggressive group of public firms betting on Bitcoin’s long-term value. Its consistent buys and treasury focus reflect growing confidence in BTC as a hedge and growth vehicle in an evolving macroeconomic environment.
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