PANews reported on August 11th that Sequans Communications announced it had purchased 13 Bitcoins for approximately $1.5 million, at an average price of $117,012 per coin. As of August 8th, the company's total Bitcoin holdings had increased to 3,171, representing a total investment of approximately $370 million at an average purchase price of $116,709 per coin. Sequans maintains Bitcoin as its primary reserve asset and continues to increase its holdings through equity, debt financing, and business income.