US Stock SQNS Plunges by Approximately 25%, Previously Announced Acquisition of 755 Bitcoins Today

BlockBeats News, July 28th, according to rockflow data, the U.S. stock Sequans Communications S.A. (SQNS) fell by 24.49% during the trading day, now trading at $1.495, with a market capitalization of $213 million.

BlockBeats previously reported that SQNS announced earlier today that it had acquired 755 bitcoins at an average price of $117,296 per bitcoin (including fees). As of July 25, 2025, the company's total bitcoin holdings have reached 3,072 bitcoins.