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Promote with Leviathan NewsSequans Communications, a Paris-based cellular IoT semiconductor firm listed on the NYSE under the ticker SQNS, has continued executing its Bitcoin treasury strategy by acquiring an additional 683 BTC for approximately $79 million, bringing its total holdings to about 1,053 BTC valued around $120 million at the time of the announcement. The company had previously disclosed that it raised roughly $384 million in private capital specifically to fund a large-scale Bitcoin treasury program, positioning Bitcoin as a central element of its balance sheet strategy. This latest purchase follows Sequans’ initial July 2025 acquisition of 370 BTC and reflects a staged deployment of those financing proceeds into Bitcoin over time. Sequans formally adopted Bitcoin as its primary treasury reserve asset in June 2025, with management describing BTC as a long-term store of value and a hedge within its capital allocation framework. The firm’s approach—raising equity and convertible debt, selecting Coinbase Prime as custodian, and then systematically converting part of its treasury into Bitcoin—places it among a small but growing set of public companies pursuing an explicit “Bitcoin treasury” model. For crypto and markets observers, the move is significant because it extends the corporate BTC reserve trend from software and holding companies into the semiconductor and IoT hardware sector, while also creating a direct link between Sequans’ capital markets activity and Bitcoin market demand.
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