#BinanceHODLerTree Sequans Communications' stock plummeted 24.24% to $1.495 after the company announced its latest Bitcoin acquisition. Here's what's happening.

- *Bitcoin Purchase*: Sequans acquired 755 bitcoins at an average price of $117,296 each, bringing its total Bitcoin holdings to 3,072 units as of July 25, 2025.

- *Market Capitalization*: Despite the stock decline, Sequans' market capitalization stands at $54.58 million, with a market cap of $213 million reported in some sources.

- *Strategic Move*: The company's CEO, Georges Karam, views this Bitcoin acquisition as a long-term hedge, citing Bitcoin's scarcity and resilience as superior to traditional cash reserves.

- *Funding*: Sequans recently closed a $384 million private placement, with the majority of funds directed towards acquiring Bitcoin. This move is part of a broader effort to reset the company's financial trajectory.

- *NYSE Listing*: Sequans' NYSE listing remains in jeopardy due to its market cap falling below $50 million, prompting a cure period to avoid delisting.

*Recent Bitcoin Acquisitions:*

- *Sequans' Holdings*: The company now holds 2,317 BTC, according to some reports, with an average acquisition price of $116,493 per BTC, including fees.

- *Other Corporate Buyers*: Other notable companies with significant Bitcoin holdings include MicroStrategy, MARA Holdings, Riot Platforms, Metaplanet, Galaxy Digital Holdings, Tesla, and Coinbase.$BTC

#CryptoClarityAct #BTC