Pre-market trading is seeing a significant increase in Sequans Communications S.A. (NYSE: SQNS) shares after the company’s most recent disclosure about its bitcoin holdings. When the last check was made during Monday’s pre-market session, SQNS shares were trading at $3.15, up 17.76%.
The spike comes after it was revealed that Sequans had paid an average of around $118,659 per bitcoin, including fees, for an additional 1,264 bitcoins, for a total estimated cost of $150 million. As of July 18, 2025, the corporation has bought 2,317 bitcoins for a total of almost $270 million, or an average of $116,493 per bitcoin.
Consistent Expansion of Bitcoin Holdings
This comes after a similar action was taken only a week prior. Sequans said on July 14, 2025, that it had paid almost $79 million for 683 bitcoins, with an average price of $116,213 per bitcoin. The corporation owned 1,053 bitcoin units at the time, valued at around $120 million, with an average purchase price of $113,893 per bitcoin.
Strategic Funding to Support Treasury Vision
Earlier this month, Sequans successfully completed previously announced private placements of both debt and equity securities, raising a total of $384 million. The offering drew participation from over 40 institutional investors and was explicitly structured to support the company’s bitcoin treasury strategy.
According to Sequans, all net proceeds from the offering were allocated toward bitcoin acquisitions and general corporate purposes directly linked to this initiative.
Long-Term Vision and Institutional Collaboration
Now that the funding is done, Sequans has started the implementation stage of their treasury strategy that focuses on bitcoin. The business thinks that the intrinsic qualities of bitcoin, such its security, decentralization, and scarcity, may bolster its financial stability and support long-term value generation for investors.
Sequans has stated that it would keep buying bitcoin with its extra operational funds and future earnings. To ensure strong execution and governance, Sequans plans to collaborate with Swan Bitcoin, a recognized institutional platform known for its robust market infrastructure and transparency.