Sequans Communications S.A., a global leader in cellular IoT semiconductor solutions, has strengthened its commitment to Bitcoin as a treasury reserve asset by acquiring an additional 1,264 bitcoins. This bold purchase, announced on July 21, brings Sequans’ total holdings to 2,317 BTC, signaling an escalating trend among public firms to use cryptocurrency to diversify their balance sheets.
The acquisition aligns with Sequans’ recent strategy shift. In June 2025, the company publicly adopted Bitcoin as its primary treasury asset, joining a cohort of technology firms seeking both diversification and long-term value preservation amidst global economic uncertainties. Sequans financed the BTC purchase through a combination of new equity and debt financing, as well as cash generated from its existing operations.
Sequans, headquartered in France and active in over 10 countries, designs and manufactures wireless technology widely used in the Internet of Things ecosystem. By backing its treasury with Bitcoin, the company is departing from a traditional corporate finance playbook. Executives have stated that building significant digital asset reserves forms a key part of their broader long-term financial strategy. Sequans’ leadership believes that this hybrid approach, combining strong semiconductor innovation with Bitcoin accumulation, will drive enhanced value for shareholders over time.
Despite the latest acquisition, the company acknowledges the risks associated with cryptocurrency market volatility and the regulatory dynamics surrounding it. Sequans remains exposed to price fluctuations in Bitcoin, as well as evolving international regulations concerning digital assets. Nevertheless, the company maintains that its robust balance sheet and careful risk management position it well to navigate these uncertainties.
At the current market rate, Sequans’ Bitcoin holdings are valued at approximately $120 million, reflecting an average cost basis of $113,893 per bitcoin, including fees. This move makes Sequans a significant player among public companies holding crypto assets as treasury reserves.
Notably, Nasdaq-listed Bitcoin mining firm BTC Digital has announced a sweeping overhaul of its treasury strategy, opting to liquidate all its Bitcoin reserves and pivot entirely to Ethereum.
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