Paris-based Internet of Things (IoT) semiconductor firm Sequans Communications has made another Bitcoin move. The company has invested $79 million to buy 683 BTC as part of its digital asset strategy.
Sequans has purchased an additional 683 bitcoin for ~$79 million at an average price of ~$116,213 per bitcoin. As of 07/14/2025 we hodl ~1053 bitcoin acquired for ~$120 million at an average price of ~$113,893 per bitcoin. $SQNShttps://t.co/PUjbX7MEkW pic.twitter.com/TTdSzK5Sdg
— SEQUANS (@Sequans) July 14, 2025
Interestingly, the initiative follows a July 10 announcement that the U.S.-listed company had for the first time purchased 370 BTC from proceeds raised earlier. Notably, the recent purchase marks the firm’s second Bitcoin acquisition under its newly launched treasury program.
$384M Fuels Sequans’ Bitcoin Treasury
Sequans raised $384 million in June through two private placements. The first offering consists of $195 million in equity, issuing over 139 million American Depositary Shares (ADSs) at $1.40 per share. The other capital raise generated $189 million in secured convertible debentures.
The entire capital raise aimed at funding the Bitcoin treasury initiative and supporting the chipmaker’s ongoing development efforts in 4G and 5G IoT technology. The company now maintains a dual focus on IoT innovation and crypto‑backed financial strategies. It hopes to reach a 3,000 BTC portfolio in the coming weeks.
CEO Georges Karam said Sequans believes Bitcoin’s characteristics will enhance the firm’s “financial resilience and create long-term value” for shareholders. After the latest acquisition, Sequans now holds 1,053 BTC, acquired for approximately $120 million at a cumulative average price of $113,893 per BTC.
The company has appointed Coinbase Prime as custodian for its expanding Bitcoin treasury. It believes the platform’s institutional-grade custody and prime brokerage services will support its crypto strategy.
Why Are Firms Going Big on BTC?
Crypto firms and corporate entities are aggressively embracing Bitcoin in their treasury strategies for several compelling reasons. Bitcoin offers a robust hedge against inflation and fiat currency devaluation. Firms hold it as a form of “digital gold,” citing its fixed 21 million supply. Bitcoin’s store of value appeals to companies seeking to preserve capital in uncertain economic climates.
Bitcoin provides diversification beyond traditional assets like cash and bonds. Its historical low correlation with equities and fixed-income investments allows corporate treasuries to manage risk better. Bitcoin’s ability to improve a portfolio’s risk-return profile, especially when traditional asset classes underperform, is an attractive feature to institutional investors.
Companies are also responding to a changing regulatory environment. The adoption of new accounting rules permits public firms to report Bitcoin at fair market value, enhancing transparency and reducing impairment-related losses. Institutional infrastructure (such as ETFs) and political support for crypto are also driving corporate Bitcoin treasury initiatives.
