SQNSvsMSTR
Sequans Communications S.A. vs Strategy
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
MSTR
Strategy
🇺🇸 US
843,775 BTC
$54.0B market value
Metric
SQNS
MSTR
BTC holdings
658 BTC
843,775 BTC
Market value of BTC
$42.1M
$54.0B
Average cost per BTC
—
$75,476.00
Total cost basis
—
$63.7B
mNAV (market cap ÷ BTC value)
1.08×
0.61×
Sats per share
4.4k
235.8k
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 MSTR: frequently asked
Which company holds more Bitcoin, SQNS or MSTR?▾
Strategy (MSTR) holds 843,775 BTC, compared to Sequans Communications S.A.'s (SQNS) 658 BTC — roughly 1282.3× more.
What's the total Bitcoin value on the balance sheets of SQNS and MSTR?▾
SQNS holds $42.1M worth of Bitcoin at current market prices. MSTR holds $54.0B.
Who has a lower cost basis per BTC, SQNS or MSTR?▾
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 MSTR last buy Bitcoin?▾
MSTR disclosed a -3,588 BTC purchase on July 6, 2026.