Sequans Communications has added to its growing Bitcoin stash. The Paris-based semiconductor company, best known for making 4G and 5G chips for IoT devices, bought 85 more bitcoins this week for roughly $10 million, paying an average price of $117,360 per BTC, including fees.
With this latest buy, confirmed on August 1, Sequans now holds 3,157 bitcoins on its balance sheet. The company’s total net investment in Bitcoin has reached around $368.5 million, with an average cost basis of $116,708 per coin.
This fresh accumulation comes just days after another major purchase by the firm. On July 28, Sequans had picked up 755 bitcoins for approximately $88.5 million, spending an average of $117,296 per BTC, again factoring in fees. That move had taken its total holdings to 3,072 BTC at the time.
The July 28 buy was entirely funded through proceeds from an equity offering the company completed on July 7. Sequans had said upfront that the offering’s goal was to bolster its Bitcoin reserves.
Over the past year, Sequans has made it clear that Bitcoin isn’t just a side bet, it’s central to its treasury strategy. The company has adopted Bitcoin as its primary treasury reserve asset and plans to keep adding more using funds from equity and debt raises, operational revenue, and IP licensing.
What makes Sequans stand out is not just its size in the chipmaking space, but its conviction in Bitcoin. With 3,157 BTC now on its books, it’s positioning itself alongside some of the more aggressive corporate adopters of Bitcoin, not as a PR move, but as part of how it manages capital long-term.
Also Read: Metaplanet Adds 463 Bitcoin to Treasury, Total Holdings Hit 17,595
