SQNSvsXXI
Sequans Communications S.A. vs Twenty One Capital
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
XXI
Twenty One Capital
🇺🇸 US
43,514 BTC
$2.8B market value
Metric
SQNS
XXI
BTC holdings
658 BTC
43,514 BTC
Market value of BTC
$42.1M
$2.8B
Average cost per BTC
—
$84,865.00
Total cost basis
—
$3.7B
mNAV (market cap ÷ BTC value)
1.08×
0.64×
Sats per share
4.4k
12.5k
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 XXI: frequently asked
Which company holds more Bitcoin, SQNS or XXI?▾
Twenty One Capital (XXI) holds 43,514 BTC, compared to Sequans Communications S.A.'s (SQNS) 658 BTC — roughly 66.1× more.
What's the total Bitcoin value on the balance sheets of SQNS and XXI?▾
SQNS holds $42.1M worth of Bitcoin at current market prices. XXI holds $2.8B.
Who has a lower cost basis per BTC, SQNS or XXI?▾
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 XXI last buy Bitcoin?▾
XXI disclosed a -1 BTC purchase on May 13, 2026.