Sequans Communications (SQNS), a leading cellular semiconductor maker, has announced its acquisition of 370 bitcoin
$BTC$111,068.14
The purchase was funded by proceeds from its recent equity and convertible debenture offering that closed on July 7.
Sequans Communications Kicks Off Bitcoin Treasury with 370 BTC Purchase
coindesk.com
10 July 2025 12:42, UTC
as part of a newly launched bitcoin treasury strategy.
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“We are excited to begin executing our strategic plan to accumulate over 3,000 $BTC in the coming weeks,” said Georges Karam, CEO of Sequans. “This initiative reflects our confidence in bitcoin as a long-term store of value for our shareholders.”
Sequans has chosen Coinbase as custodian, utilizing Coinbase Prime’s institutional-grade services.
Sequans Communications shares are up 2% in pre-market trading following the announcement of its bitcoin treasury strategy.