Sequans buys an additional 683 BTC, boosting Bitcoin treasury over 1,000 BTC
Sequans Communications S.A., an IoT chip manufacturer, has just purchased an additional 683 BTC worth approximately 79 million USD (average price 116,213 USD/BTC). With this second purchase in just 5 days, Sequans' total Bitcoin treasury has reached 1,053.$BTC , valued at around 120 million USD.
Large accumulation plan and its impact on stock
This move is part of a larger plan of #Sequans to use the 384 million USD raised to accumulate over 3,000 BTC in the coming weeks, viewing Bitcoin as a long-term value preservation strategy for shareholders. Sequans is partnering with Coinbase Prime for custody and Swan Bitcoin for asset management.
CEO Georges Karam stated that they are excited to realize this plan, inspired by the successful models of Strategy and Metaplanet. Since announcing the transition to a Bitcoin treasury model at the end of June 2025, Sequans' SQNS stock has increased by over 200%, from 1.5 USD to 4.5 USD/share. Sequans is quickly becoming one of the largest publicly listed companies holding Bitcoin globally.