Sequans Communications S.A. (SQNS) purchased an additional 683 bitcoin for approximately $79 million at an average price of $116,213 per bitcoin, including fees, the company announced July 14.

The cellular IoT semiconductor provider now holds 1,053 bitcoins acquired for approximately $120 million at an average price of $113,893 per bitcoin, including fees.

Sequans adopted bitcoin as a primary treasury reserve asset in June 2025, using proceeds from equity and debt financing along with cash flows from operations to accumulate the cryptocurrency as part of its long-term financial strategy.

The Paris-based company designs semiconductors for Internet of Things applications, offering integrated circuits, modules, software and protocol stacks for wireless cellular technology. Its platforms include LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap solutions.

Founded in 2003, Sequans operates globally with offices in the United States, United Kingdom, Switzerland, Israel, Hong Kong, Singapore, Finland, Taiwan and China.