Sequans Fuels Corporate Bitcoin Boom with $88.5M Buy

In Brief

• Sequans buys 755 BTC, raising holdings to 3,072 and ranking 22nd among public holders.
• Purchase funded with $88.5M from July public offering; total BTC spend now $358.5M.
• Number of firms holding BTC rose from 207 to 281 between May 24 and July 29.

Sequans Deepens Bitcoin Exposure with $88.5M Purchase

On July 28, Sequans Communications disclosed its latest purchase of 755 bitcoins. The total investment for this acquisition was approximately $88.5 million, placing the average cost per coin around $117,296, including transaction fees. This addition increased the company’s total Bitcoin holdings to 3,072. Sequans secured the funds for the transaction through a recent public offering completed on July 7, 2025. The entire net proceeds from that offering were directed towards the Bitcoin purchase. Following this, the company’s overall investment in Bitcoin reached an estimated $358.5 million. The average purchase cost across all holdings now sits at about $116,690 per BTC. This move places Sequans among the largest public corporate holders of Bitcoin globally, ranking 22nd according to BitcoinTreasuries.net.

Bitcoin as a Strategic Treasury Asset

Sequans, a company focused on producing cellular chips for Internet of Things (IoT) devices, has signaled its intention to make Bitcoin a key component of its balance sheet. The firm stated that it views Bitcoin as a long-term financial reserve. The company plans to continue building its Bitcoin treasury using multiple funding streams. Sequans stated:

"Our approach involves acquiring and holding Bitcoin using net proceeds from equity and debt issuances — executed from time to time based on market conditions — as well as cash generated from operations and intellectual property monetization."

Sequans is not alone in increasing its Bitcoin exposure. Volcon Inc. has also expanded its position, adding 317 bitcoins and bringing its total holdings to 3,500. These continued inflows reflect a broader pattern of increasing institutional demand for Bitcoin, which persists despite recent price fluctuations.

Market Sees Sharp Uptick in Corporate Bitcoin Holders

Recent data from BitcoinTreasuries.net shows that the number of organizations holding Bitcoin has grown considerably in recent weeks. As of May 24, the total amount of Bitcoin held by tracked entities was around 3.35 million. By July 29, that figure had climbed to 3.61 million, representing an increase of 260,000 bitcoins. During the same period, the number of entities with Bitcoin holdings rose from 207 to 281 — an increase of 74 new organizations joining those storing Bitcoin in their treasuries. Jan Wüstenfeld, lead researcher at Melanion GreenTech, noted a steady rise in corporate involvement in Bitcoin accumulation. According to his observations, new entries are becoming more frequent as more firms announce new BTC acquisitions. While some purchases attract significant attention, many are still moderate in size. Despite that, the broader effect of this trend is becoming more apparent as total holdings continue to rise. In addition to fresh acquisitions, some older Bitcoin have started moving again. A total of 80,000 previously inactive coins have recently been transferred and are now held by new owners.

Glassnode Highlights Accumulation Patterns in Tight Price Range

Despite increased buying activity, Bitcoin’s price has remained relatively stable over recent days. The digital asset is currently trading around $118,000 after a slight 2% decline in the last 24 hours. Its price has generally remained between $115,000 and $120,000 in the short term. This slow price movement is largely attributed to market dynamics, particularly the balance between supply and demand. Although many new entities are acquiring Bitcoin, additional supply from previously idle wallets may be keeping the price from moving sharply upward. Glassnode, a blockchain analytics firm, observed that the price range between $110,000 and $117,000 is gradually becoming more active. Bitcoin is being bought both during pullbacks and at higher levels, creating a "staircase-like pattern" in the average cost basis formation, with buyers entering at various stages rather than all at once. If the current pace of accumulation continues and more companies secure Bitcoin as a long-term reserve, the available supply in open markets may tighten further. This gradual shift, driven by institutional interest, increases the likelihood of upward price movement — potentially setting the stage for Bitcoin to approach the $150,000 range if adoption remains on course.

---

Frequently Asked Questions (FAQ)

Corporate Bitcoin Holdings

Q: What is the total amount of Bitcoin Sequans Communications now holds? A: Sequans Communications now holds a total of 3,072 Bitcoin. Q: How was the recent Bitcoin purchase by Sequans Communications funded? A: The purchase was funded with $88.5 million from a public offering completed on July 7, 2025. Q: How does Sequans' Bitcoin holding rank among public companies? A: Sequans ranks 22nd among public holders of Bitcoin globally. Q: What is Sequans' strategy regarding Bitcoin holdings? A: Sequans views Bitcoin as a long-term financial reserve and plans to continue building its treasury using various funding streams, including proceeds from equity and debt issuances, operational cash flow, and intellectual property monetization. Q: What is the broader trend observed in corporate Bitcoin holdings? A: There has been a significant increase in the number of organizations holding Bitcoin, with 74 new entities adding Bitcoin to their treasuries between May 24 and July 29. Q: What is the current price range of Bitcoin as mentioned in the article? A: Bitcoin has generally remained between $115,000 and $120,000 in the short term.

Crypto Market AI's Take

The increasing trend of major corporations like Sequans Communications adding substantial amounts of Bitcoin to their treasuries signifies a growing institutional acceptance of Bitcoin as a legitimate reserve asset. This strategy of using treasury reserves for Bitcoin accumulation, as outlined by Sequans, is a strong indicator of confidence in Bitcoin's long-term value proposition. For businesses looking to diversify their treasury or explore digital asset strategies, understanding the implications of these corporate moves is crucial. Our platform provides tools and insights to help navigate this evolving landscape, including real-time market analysis and AI-powered trading bots that can help identify potential investment opportunities.

More to Read:

• Bitcoin Price Prediction Today: Bitwise CIO Declares Four-Year Crypto Cycle Obsolete
• Corporations Acquire 1% Ether Supply: Standard Chartered Insights
• How to Evaluate Cryptocurrency: A Complete Guide

---

Source: Sequans Fuels Corporate Bitcoin Boom with $88.5M Buy