Sequans munications S.A.(US:SQNS) Newsfileยท2025-10-06 10:00Core Viewpoint - Sequans Communications has expanded its Bitcoin treasury to 3,234 BTC, reinforcing its long-term reserve strategy and commitment to Bitcoin as a primary treasury reserve asset [1][2][3] Group 1: Bitcoin Acquisition and Holdings - The company acquired an additional 29 Bitcoin for approximately $3.4 million, with an average purchase price of $115,517 per Bitcoin, including fees [1] - As of October 3, 2025, Sequans holds a total of approximately 3,234 Bitcoin, with a total net investment of around $377.2 million, reflecting an average acquisition price of $116,643 per Bitcoin [2] - The estimated fair value of Sequans' Bitcoin holdings is around $400 million, given current market prices above $123,000 [2] Group 2: Strategic Rationale - Sequans views Bitcoin as a scarce and durable form of money that provides long-term protection for shareholder value amid global monetary expansion [3] - The company intends to strategically accumulate Bitcoin using net proceeds from equity and debt issuances, as well as cash generated from operations and intellectual property monetization [4] Group 3: Company Overview - Sequans Communications is a leading fabless semiconductor company specializing in wireless 4G/5G cellular technology for IoT and is a pioneer in Bitcoin treasury [4] - The company offers a comprehensive portfolio of 4G/5G solutions designed for IoT, focusing on innovation in wireless connectivity, power efficiency, security, and performance [5] - Founded in 2003 and headquartered in France, Sequans operates globally with offices in multiple countries [6]