Sequans Extends Bitcoin Strategy With New $10M Purchase as Corporate Buying Persists

The pace at which corporations are increasing their exposure to Bitcoin (BTC) is showing no sign of slowing, with fresh developments confirming that institutional interest in the digital asset remains firm. A notable example is Sequans Communications, a company headquartered in France, which has made another significant addition to its Bitcoin reserves.

Sequans Deepens BTC Treasury Strategy With $10M Buy

Sequans, which has positioned itself as a front-runner in Bitcoin treasury strategies, recently added 85 more bitcoins to its balance sheet. The acquisition cost the company approximately $10 million, working out to an average price of $117,360 per coin, accounting for all associated charges. This latest purchase aligns with the company’s broader objective to hold Bitcoin as its core treasury asset over the long term.

On July 28, Sequans had acquired 755 BTC, bringing its total to 3,072. That number has since increased, with the company now holding 3,157 bitcoins as of August 1. In total, Sequans has spent nearly $368.5 million building its position, with an average cost of around $116,708 per coin after fees.

Global Bitcoin Accumulation Heats Up as Firms and Nations Double Down

Global interest in Bitcoin isn’t slowing, as several public firms ramp up their holdings across key markets:

• South Korea’s Bitmax added 56 BTC, boosting its holdings to 500.123 and signalling steady accumulation.
• Sweden’s H100 Group raised $2.2M to grow its Bitcoin reserves, tapping into fresh capital to strengthen its position.
• In the UK, Coinsilium Forza bought 57.54 BTC, now holding nearly 182 coins as part of its expanding strategy.
• Japan’s Convano plans to acquire 21,000 BTC by 2027, showing long-term commitment to Bitcoin integration.

On the government front, El Salvador remains consistent in its approach. Market intelligence firm Arkham reported that the Central American nation has continued its daily Bitcoin acquisition strategy. 

According to the data, the country has been purchasing one bitcoin per day for 992 consecutive days. This ongoing commitment has brought El Salvador’s total holdings to 6,259 BTC, with a total valuation exceeding $715 million at a unit price of $114,558.

The moves by both companies and governments point to a growing shift toward long-term Bitcoin accumulation. They reflect rising global interest in holding BTC not just for short-term gains, but as a serious reserve asset.

Strong Hands Are Stacking Bitcoin as Supply Tightens

While Bitcoin continues to trade around $114,000, signs from the market show that demand remains firm. Recent data from CryptoQuant reveals that more than 160,000 BTC have been taken off the market over the past 30 days. 

Wallets used only for buying—known as accumulator addresses—have also seen sharp growth. These addresses added around 50,000 BTC over the past month, reflecting strong conviction among long-term holders still building their positions.

There’s also been a major shift in the private market. The supply of Bitcoin on OTC desks, which serve institutional buyers, has fallen sharply. In 2021, these desks held roughly 550,000 BTC. That number has now dropped to just 145,000. The decline signals that more coins are being pulled from circulation and held with little intention to sell.

Taken together, these indicators paint a clear picture. Whether in public markets or private channels, Bitcoin is still being aggressively accumulated. The current market behavior suggests that institutional and long-term players are looking beyond short-term volatility and positioning for the future.

That approach aligns with a warning recently shared by Binance co-founder and former CEO Changpeng Zhao. He predicted a global race for Bitcoin and crypto, cautioning that countries dragging their feet may end up having to buy in later at much higher prices. Judging by recent corporate and government BTC adoption, that race may already be underway.