Sequans Communications, a New York Stock Exchange-listed IoT chip company, has acquired 683 bitcoins for approximately $79 million, with each bitcoin costing around $116,213 including fees. As of July 14, 2025, the company holds a total of 1,053 bitcoins, having invested about $120 million in total. Sequans designated bitcoin as its primary financial reserve asset in June and raised approximately $384 million through private financing.