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
658 BTC
$42.1M market value
MARA
Marathon Digital
🇺🇸 US
35,303 BTC
$2.3B market value
Metric
SQNS
MARA
BTC holdings
658 BTC
35,303 BTC
Market value of BTC
$42.1M
$2.3B
Average cost per BTC
—
$68,236.16
Total cost basis
—
$2.4B
mNAV (market cap ÷ BTC value)
1.08×
2.05×
Sats per share
4.4k
9.3k
Last disclosed purchase
May 28, 2026
- May 28, 2026+-856 BTC$62.9M
- May 5, 2026+-625 BTC$50.6M
- Feb 10, 2026+-125 BTC$8.6M
- Nov 4, 2025+-970 BTC$98.4M
- Nov 4, 2025+162 BTC$16.4M
SQNS vs MARA: frequently asked
Which company holds more Bitcoin, SQNS or MARA?▾
Marathon Digital (MARA) holds 35,303 BTC, compared to Sequans Communications S.A.'s (SQNS) 658 BTC — roughly 53.7× more.
What's the total Bitcoin value on the balance sheets of SQNS and MARA?▾
SQNS holds $42.1M worth of Bitcoin at current market prices. MARA holds $2.3B.
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 disclosed a -856 BTC purchase on May 28, 2026.
When did MARA last buy Bitcoin?▾
MARA disclosed a -3,386 BTC purchase on May 11, 2026.