Sequans, a maker of Internet of Things chips, has taken another step into the world of cryptocurrency by increasing its Bitcoin holdings.
Additional Bitcoin Purchase
Sequans has purchased an additional 683 BTC for approximately $79 million at an average price of $116,213 per coin. This brings its total Bitcoin holdings to 1,053 BTC, valued at around $120 million as of July 14, 2025.
Bitcoin Treasury Strategy
In June 2025, Sequans announced its decision to adopt Bitcoin as its primary treasury reserve asset. This move followed a $384 million private financing round, a part of which was allocated to Bitcoin purchases. The company aims to hedge against inflation and diversify its treasury reserves.
Trends Among Companies in Digital Assets
The adoption of Bitcoin as a treasury asset has grown among corporations. Sequans follows in the footsteps of companies like MicroStrategy and Tesla, which may inspire other tech firms to rethink their capital reserve management.
By positioning itself as a pioneer among hardware tech companies, Sequans shows a growing confidence in digital assets.
