Sequans buys $88.5M worth of bitcoins
Main Idea
Sequans Communications has purchased an additional 755 bitcoins for approximately $88.5 million, bringing its total bitcoin holdings to 3,072 as of July 25, 2025.
Key Points
1. Sequans Communications (NYSE:SQNS) acquired 755 bitcoins for ~$88.5M.
2. The average purchase price per bitcoin was $117,296.
3. As of July 25, 2025, the company held 3,072 bitcoins.
4. All bitcoins were acquired using the full net proceeds from a completed offering.
Description
More on Sequans Communications Sequans: A Bleak Outlook Beyond The Bitcoin Hype Sequans Communications: Focused Execution In A Growing Market Sequans Communications S.A. (SQNS) Q1 2025 Earnings Call Transcript Sequans jumps 20%, buys more bitcoins Sequans stock surges after launching bitcoin treasury program with initial purchase of 370 BTC
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