Sequans Communications surpasses the reserve milestone of 3,000 BTC aiming for the target of 100,000 Bitcoin

Sequans Communications has accelerated the construction of a new Bitcoin reserve, purchasing over 3,000 BTC in less than a month, as part of a plan to hold 100,000 BTC by 2030.

This IoT semiconductor company based in Paris and backed by the government began its strategy in July after raising $384 million at the end of June to purchase Bitcoin, including $195 million in equity and $189 million in convertible bonds. The transactions are carried out in phases through the partner Swan Bitcoin, with capital from new fundraising, operating cash flow, and financial instruments.

On July 10, Sequans purchased 370 BTC; by July 18, the total reached 2,317 BTC. At the end of the month, the company bought an additional 755 BTC, then 85 BTC ( worth approximately 10 million USD), raising the total reserves to 3,171 BTC.

Sequans views Bitcoin as a long-term reserve asset to strengthen its balance sheet, committing to continue accumulating despite price volatility, aiming for the 2030 target.