SQNSvsMARA
Sequans Communications S.A. vs Marathon Digital
Side-by-side Bitcoin treasury comparison: holdings, market cap, mNAV ratio, BTC per share, cost basis, and recent purchases. Numbers refresh every 5 minutes from SEC filings and live market data.
SQNS
Sequans Communications S.A.
🇫🇷 FR
2,268 BTC
$177.3M market value
MARA
Marathon Digital
🇺🇸 US
38,689 BTC
$3.0B market value
Metric
SQNS
MARA
BTC holdings
2,268 BTC
38,689 BTC
Market value of BTC
$177.3M
$3.0B
Average cost per BTC
—
$88,236.14
Total cost basis
—
$5.9B
mNAV (market cap ÷ BTC value)
—
1.44×
Sats per share
—
10.2k
Last disclosed purchase
—
3/2/2026
Country
🇫🇷 FR
🇺🇸 US
No tracked purchases yet
- 3/2/2026+860 BTC$150.0M
- 11/4/2025+860 BTC$20.9M
- 4/3/2025+1,226 BTC$103.0M
- 3/10/2025+715 BTC$62.5M
- 2/3/2025+766 BTC$74.9M
SQNS vs MARA: frequently asked
Which company holds more Bitcoin, SQNS or MARA?▾
Marathon Digital (MARA) holds 38,689 BTC, compared to Sequans Communications S.A.'s (SQNS) 2,268 BTC — roughly 17.1× more.
What's the total Bitcoin value on the balance sheets of SQNS and MARA?▾
SQNS holds $177.3M worth of Bitcoin at current market prices. MARA holds $3.0B.
Who has a lower cost basis per BTC, SQNS or MARA?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did SQNS last buy Bitcoin?▾
SQNS's last BTC purchase isn't in our tracked history yet.
When did MARA last buy Bitcoin?▾
MARA disclosed a 860 BTC purchase on March 2, 2026.