Sequans Communications (SQNS) has purchased an additional 1,264 bitcoins worth approximately $150 million at an average price of $118,659 per bitcoin, according to a statement issued by the company.

The semiconductor company now holds 2,317 bitcoins acquired for approximately $270 million at an average price of $116,493 per bitcoin as of July 18, 2025.

Sequans specializes in 4G/5G wireless cellular communication technology for Internet of Things applications and has adopted bitcoin as a primary reserve asset for its treasury. The Paris-based company designs semiconductor solutions including integrated circuits, modules, software, and protocol stacks for Internet of Things communications.