Sequans Communications S.A., a prominent provider of cellular IoT semiconductors, has expanded its cryptocurrency holdings with the acquisition of an additional 683 bitcoins. This purchase, valued at approximately $79 million, brings the company's total bitcoin holdings to 1,053. The average acquisition price, including fees, is approximately $113,893 per bitcoin, totaling an investment of around $120 million. This strategic move underscores Sequans' commitment to diversifying its assets and enhancing its financial portfolio.
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: 258707) on July 14, 2025, and is solely responsible for the information contained therein.