Sequans Communications SA, a leader in cellular IoT semiconductor solutions, has expanded its investment in Bitcoin, acquiring an additional 755 bitcoins for approximately $88.5 million. This purchase brings the total number of bitcoins held by the company to 3,072, all acquired with funds from a recent offering. Sequans has invested a total of approximately $358.5 million in Bitcoin, with an average acquisition price of $116,690 per bitcoin. The company continues to utilize Bitcoin as its primary treasury reserve asset, reflecting its pioneering approach in the industry.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sequans Communications SA published the original content used to generate this news brief via Newsfile (Ref. ID: 260284) on July 28, 2025, and is solely responsible for the information contained therein.