Sequans munications S.A.(US:SQNS) Newsfileยท2025-07-21 10:00Core Viewpoint - Sequans Communications has strategically increased its Bitcoin holdings, acquiring an additional 1,264 BTC for approximately $150 million, bringing its total to 2,317 BTC valued at around $270 million, indicating a strong commitment to Bitcoin as a treasury reserve asset [1][2]. Group 1: Company Overview - Sequans Communications S.A. is a fabless semiconductor company that focuses on wireless 4G/5G cellular technology for the Internet of Things (IoT) [3]. - The company aims to accumulate Bitcoin as a long-term store of value, utilizing net proceeds from equity and debt issuances, as well as cash generated from operations [2][4]. - Founded in 2003 and headquartered in France, Sequans operates globally with offices in multiple countries including the United States, United Kingdom, and China [4]. Group 2: Financial Strategy - The recent acquisition of Bitcoin was made at an average price of approximately $118,659 per BTC, inclusive of fees, reflecting the company's ongoing strategy to build its Bitcoin treasury [1]. - The total investment in Bitcoin amounts to around $270 million, with an average acquisition price of about $116,493 per BTC [1]. Group 3: Technological Focus - Sequans specializes in developing innovative, secure, and scalable technologies for AI-connected applications, including secured payment systems and smart cities [3]. - The company offers a comprehensive portfolio of solutions, including integrated circuits for baseband processors and RF transceivers, aimed at enhancing wireless connectivity and performance in IoT applications [3].