Sequans Communications, a France-based semiconductor firm, has significantly increased its Bitcoin treasury holdings, acquiring 1,264 BTC for $150 million. This bold move reflects the company’s growing conviction in Bitcoin as a long-term store of value.
Total Bitcoin Holdings Now Exceed $270 Million
With the latest purchase, Sequans now holds 2,317 BTC acquired at an average cost of $116,493 per coin, including fees. The most recent batch of Bitcoin was bought at an average price of $118,659 per BTC, according to the company’s official announcement.
This strategic purchase brings Sequans’ total Bitcoin investment to approximately $270 million, reinforcing its position as one of the most BTC-heavy tech firms in Europe.
Bitcoin Buy Funded Through $384M Private Placement
The $150 million acquisition follows a recent $384 million private placement that included American depositary shares, convertible debentures, and warrants. Sequans confirmed that the capital raised was allocated, in part, to fund its expanding Bitcoin treasury strategy.
CEO Georges Karam stated that the goal is to “enhance financial resilience and create long-term value”, signaling a belief in Bitcoin’s role as a hedge against monetary uncertainty and fiat dilution.
Sequans Joins Growing List of Corporate BTC Adopters
By doubling down on BTC, Sequans joins a growing list of public companies adding Bitcoin to their balance sheets as part of diversified treasury strategies. Firms like MicroStrategy, Tesla, and Block have previously adopted similar approaches, citing inflation protection and asset diversification.
This trend highlights a broader shift in corporate finance, where digital assets are being integrated into treasury planning.
Market Reacts to the News
Following the announcement, Sequans’ stock dipped 9% on Friday, but rebounded strongly in pre-market trading with a 15.9% gain, reflecting renewed investor interest tied to its crypto strategy.
Sequans’ Bitcoin acquisition demonstrates a strong vote of confidence in the asset’s long-term potential. With over $270 million in BTC now on its books, the company is positioning itself as a blockchain-forward enterprise amid shifting macroeconomic conditions.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.