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Sequans Communications, a leader in 5G and IoT chip technology, has expanded its cryptocurrency portfolio with the purchase of an additional 85 bitcoins, according to a recent company disclosure. This latest acquisition brings the firm’s total Bitcoin holdings to 3,157 BTC.
The move underscores Sequans' continued confidence in Bitcoin as a long-term store of value and strategic asset. At current market prices, the company’s Bitcoin reserves are estimated to be worth over $110 million.
“Bitcoin remains a core pillar of our treasury diversification strategy,” said a company representative. “We see it as both a hedge against macroeconomic uncertainty and a forward-looking investment aligned with our innovation-focused identity.”
Sequans first began accumulating Bitcoin during its 2023 treasury restructuring, joining a growing number of tech firms integrating digital assets into their financial strategies. The company also hinted at potential future involvement in blockchain applications related to its IoT business, though specifics remain undisclosed.
While the purchase is not large enough to move the market on its own, it reflects the broader trend of institutional adoption and corporate interest in digital assets amid ongoing economic shifts and inflation concerns.