Sequans Communications S.A. (NYSE: SQNS), a leader in cellular IoT semiconductor solutions and an early adopter of Bitcoin for its treasury, has announced the purchase of 34 more bitcoins. The acquisition cost approximately $3.8 million, with an average purchase price of $111,374 per bitcoin, including fees.

With this latest move, the company now holds a total of 3,205 bitcoins as of September 1, 2025. Sequans’ total net investment in Bitcoin has reached roughly $374 million, representing an average acquisition price of $116,653 per bitcoin. This bold strategy underscores the company’s strong commitment to digital assets as a core part of its financial strategy.

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