Leaderboard / Other / France

Sequans Communications S.A. (SQNS) bitcoin per share

BTC per share

0.00004320

BTC held ÷ shares outstanding

Sats per share

4,320.42 sats

1 BTC = 100,000,000 sats

BTC held

658 BTC

as of May 28, 2026

Shares outstanding

15,230,000

basic, as of August 3, 2026

USD value per share

live BTC spot × BTC per share

Leaderboard rank

#26 of 81

Data confidence: medium

Sequans Communications S.A. does not fit the usual bitcoin treasury mold, which is exactly why the per-share math matters. Headline holdings tell you what the company owns; BTC per share tells you what you own through the stock. Listed on NYSE and based in France, it holds 658 BTC against 15,230,000 shares outstanding, which works out to 4,320.42 satoshis per share. That puts it at rank 26 of 81 on the bitcoinps.com leaderboard, in the upper half of listed corporate holders on a per-share basis.

The math

The calculation is deliberately simple: 658 BTC (as of May 28, 2026) divided by 15,230,000 basic shares (as of August 3, 2026) gives 0.00004320 BTC per share. Put another way, you would need roughly 23,146 shares to hold one full bitcoin through this stock. We rate this row medium confidence: at least one input leans on aggregator data or a derived figure rather than a filing, so treat the last digit or two as soft.

Holdings context

Direction of travel matters more than the snapshot here. Disclosures point to this position being wound down or restructured, so the per-share figure is more likely to shrink or disappear than to grow between our updates.

Analyst note (2026-08-03): IoT semiconductor company (ADS on NYSE) that is EXITING its bitcoin strategy: sold 970 BTC (Nov 2025), 125 (Feb 2026), 1,025 (Q1 2026), then 456 more, leaving ~658 BTC (announced 2026-05-28) which it plans to sell gradually. FLAG: 15.23M is stockanalysis ADS-level figure after buybacks; ADS/ordinary ratio not verified against a filing.

What would change this number

New share issuance. Any capital raise, ATM program or convertible conversion grows the share count and mechanically lowers BTC per share unless matching coins are added. This row has no heavy-issuer flag today, but that can change with a single financing announcement.
Buybacks. The company has been repurchasing its own shares. Buybacks shrink the denominator, so each remaining share represents more bitcoin, which is why treasury companies trading below their bitcoin value per share often prefer buybacks to new coin purchases.
Further bitcoin sales. Recent disclosures show the company selling bitcoin. Each sale reduces the numerator directly, and per-share exposure falls with it unless the proceeds retire shares or debt in a way that offsets the loss of coins.
Share class structure. The share count here spans multiple share classes or an ADS structure, and data aggregators frequently report only the listed class. We use the total economic share count where we can verify it; the methodology page explains how, and the confidence rating reflects any remaining doubt.

Quick reference: at the current figure, roughly 23,146 shares of SQNS represent one full bitcoin.

Sources

Listed on NYSE. Figures carry their own as-of dates above; this page was generated on August 3, 2026. See how we compute bitcoin per share, or browse the full leaderboard.