PANews reported on July 28 that according to an official announcement, French IoT semiconductor company Sequans Communications (NYSE: SQNS) announced that it had purchased an additional 755 bitcoins at a price of approximately US$88.5 million, with an average purchase price of US$117,296 per bitcoin (including fees).

As of July 25, 2025, the company held a total of 3,072 bitcoins, all of which were purchased using all net proceeds from the successful issuance on July 7, 2025. The company's total net investment in Bitcoin is approximately US$358.5 million, with an average purchase price of US$116,690 per bitcoin (including fees).