Sequans Communications (SQNS) has acquired an additional 683 Bitcoin, significantly expanding its cryptocurrency reserves. The purchase was executed at an average price of approximately $113,893 per BTC.
This transaction elevates the company’s total Bitcoin holdings to 1,053 BTC. The acquisition reflects Sequans’ ongoing strategic focus on Bitcoin accumulation as part of its corporate treasury diversification and long-term investment approach.
Such corporate Bitcoin purchases underscore growing institutional confidence in the cryptocurrency’s value proposition despite market volatility. Sequans’ increasing exposure demonstrates alignment with businesses adopting digital assets as reserve treasury components.