Sequans Communications S.A. (NYSE:SQNS), a pioneer in adopting Bitcoin as its primary treasury reserve asset and a leading provider of cellular IoT semiconductor solutions, today announced the acquisition of an additional 755 bitcoins for approximately $88.5 million, at an average purchase price of $117,296 per bitcoin, inclusive of fees.

As of July 25, 2025, the company holds a total of 3,072 bitcoins, all acquired using the full net proceeds from the offering successfully completed on July 7, 2025. The total net investment in bitcoin amounts to approximately $358.5 million, reflecting an average acquisition price inclusive of fees of $116,690 per bitcoin.