Sequans Acquires 683 Additional BTC and Now Holds 1053 BTC
Sequans Communications (NYSE:SQNS), a cellular IoT semiconductor provider, has significantly expanded its bitcoin holdings. The company acquired 683 additional bitcoin for approximately $79 million, with an average cost of $116,213 per bitcoin including fees.
Following this purchase, Sequans' total bitcoin holdings now stand at 1,053 BTC, representing a total investment of approximately $120 million at an average cost basis of $113,893 per bitcoin including fees.
Sequans Communications (NYSE:SQNS), fornitore di semiconduttori per IoT cellulare, ha ampliato significativamente le sue riserve di bitcoin. L'azienda ha acquistato 683 bitcoin aggiuntivi per circa 79 milioni di dollari, con un costo medio di 116.213 dollari per bitcoin inclusi i costi.
Dopo questo acquisto, il totale dei bitcoin detenuti da Sequans è di 1.053 BTC, con un investimento complessivo di circa 120 milioni di dollari e un costo medio di 113.893 dollari per bitcoin inclusi i costi.
Sequans Communications (NYSE:SQNS), proveedor de semiconductores para IoT celular, ha ampliado significativamente sus reservas de bitcoin. La compañía adquirió 683 bitcoins adicionales por aproximadamente 79 millones de dólares, con un costo promedio de 116,213 dólares por bitcoin incluyendo las tarifas.
Tras esta compra, el total de bitcoins en poder de Sequans es de 1,053 BTC, representando una inversión total de aproximadamente 120 millones de dólares con un costo promedio de 113,893 dólares por bitcoin incluyendo las tarifas.
Sequans Communications (NYSE:SQNS)는 셀룰러 IoT 반도체 공급업체로서 비트코인 보유량을 크게 늘렸습니다. 회사는 약 7,900만 달러에 683개의 비트코인을 추가 매입했으며, 수수료를 포함한 비트코인당 평균 비용은 116,213달러입니다.
이번 매입으로 Sequans의 총 비트코인 보유량은 1,053 BTC가 되었으며, 총 투자액은 수수료 포함 평균 단가 113,893달러 기준 약 1억 2,000만 달러에 달합니다.
Sequans Communications (NYSE:SQNS), fournisseur de semi-conducteurs pour l'IoT cellulaire, a considérablement augmenté ses avoirs en bitcoins. La société a acquis 683 bitcoins supplémentaires pour environ 79 millions de dollars, avec un coût moyen de 116 213 dollars par bitcoin frais inclus.
Après cet achat, le total des bitcoins détenus par Sequans s'élève désormais à 1 053 BTC, représentant un investissement total d'environ 120 millions de dollars à un coût moyen de 113 893 dollars par bitcoin frais inclus.
Sequans Communications (NYSE:SQNS), ein Anbieter von Halbleitern für zellulares IoT, hat seine Bitcoin-Bestände deutlich erweitert. Das Unternehmen erwarb 683 zusätzliche Bitcoins für etwa 79 Millionen US-Dollar, mit einem durchschnittlichen Preis von 116.213 US-Dollar pro Bitcoin inklusive Gebühren.
Nach diesem Kauf belaufen sich Sequans' Gesamtbestände nun auf 1.053 BTC, was einer Gesamtinvestition von etwa 120 Millionen US-Dollar bei einem durchschnittlichen Einstandspreis von 113.893 US-Dollar pro Bitcoin inklusive Gebühren entspricht.
- Significant investment in bitcoin with 683 BTC purchase worth $79 million
- Strategic accumulation of digital assets with total holdings of 1,053 BTC
- Lower average cost basis ($113,893) compared to latest purchase price ($116,213)
- Large cash allocation ($79M) to volatile cryptocurrency assets
- Significant exposure to cryptocurrency market volatility
- Deviation from core semiconductor business focus
Paris, France--(Newsfile Corp. - July 14, 2025) - Sequans Communications S.A. (NYSE: SQNS), a leading provider of cellular IoT semiconductors, today announced the acquisition of an additional 683 bitcoin for ~
About Sequans
Sequans Communications S.A. (NYSE: SQNS) is a publicly listed company that, in June 2025, adopted Bitcoin as a primary treasury reserve asset. Using proceeds from equity and debt financing, along with cash flows from operations, we are strategically accumulating Bitcoin as part of our long-term financial strategy.
Sequans is a leading semiconductor company specializing in wireless cellular technology for the Internet of Things (IoT). Our engineers design and develop innovative, secure, and scalable technologies that power the next generation of AI-connected applications - including secured payment, smart mobility and logistics, smart cities, industrial, e-health, and smart homes. We offer a comprehensive portfolio of solutions, including integrated circuits (IC) of baseband processors and radio frequency (RF) transceivers, modules, software, and protocol stacks. Our LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms are purpose-built for IoT, delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. We also provide advanced design services and technology licensing.
We believe our combination of a strategic Bitcoin reserve and deep focus on semiconductor innovation positions Sequans for long-term value creation.
Founded in 2003, Sequans is headquartered in France and operates globally, with offices in the United States, United Kingdom, Switzerland, Israel, Hong Kong, Singapore, Finland, Taiwan, and China.
Visit Sequans at sequans.com and follow us on LinkedIn and X.
Forward-Looking Statements
This press release contains certain statements that are, or may be deemed to be, forward-looking statements with respect to the financial condition, results of operations and business of Sequans, including, but not limited to, with respect to the use of proceeds from the Offering and the Company's bitcoin treasury strategy and the exercise of the common warrants for cash prior to their expiration. These forward-looking statements include, but are not limited to, statements that are not historical fact. These forward-looking statements can be identified by the fact that they do not relate to historical or current facts. Forward-looking statements also often use words such as "anticipate," "committed to", "target," "continue," "estimate," "expect," "forecast," "intend," "may," "plan," "goal," "believe," "hope," "aims," "continue," "could," "project," "should," "will" or other words of similar meaning. These statements are based on assumptions and assessments made by Sequans in light of its experience and perception of historical trends, current conditions, future developments and other factors it believes appropriate. By their nature, forward-looking statements involve risk and uncertainty, because they relate to events and depend on circumstances that will occur in the future and the factors described in the context of such forward-looking statements in this announcement could cause actual results and developments to differ materially from those expressed in or implied by such forward-looking statements. Although it is believed that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct, and you are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of this announcement.
Forward-looking statements are not guarantees of future performance. Such forward-looking statements involve known and unknown risks and uncertainties that could significantly affect expected results and are based on certain key assumptions. Such risks and uncertainties include, but are not limited to, potential adverse reactions or changes to business relationships resulting from the completion of the Qualcomm transaction or the Offering. Many factors could cause actual results to differ materially from those projected or implied in any forward-looking statements. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are changes in the global, political, economic, business and competitive environments, market and regulatory forces, including tariffs and trade wars. If any one or more of these risks or uncertainties materialize or if any one or more of the assumptions prove incorrect, actual results may differ materially from those expected, estimated or projected. Such forward-looking statements should therefore be construed in the light of such factors. A more complete description of these and other material risks can be found in Sequans' filings with the SEC, including its annual report on Form 20-F for the year ended December 31, 2024, subsequent filings on Form 6-K and other documents that may be filed from time to time with the SEC. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this announcement. Sequans undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by applicable law.
Contacts
Sequans investor relations:
David Hanover/Gerrick Johnson, KCSA Strategic Communications (USA), +1 212.682.6300, ir@sequans.com
Sequans media relations:
Linda Bouvet (France), +33 170721600 media@sequans.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258707
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