Sequans (SQNS) and Swan Announce Strategic Bitcoin Treasury Management Agreement Paris, France and Calabasas, CA USA – July 24, 2025 – – Sequans Communications S.A. (NYSE: SQNS), a leading provider of cellular IoT semiconductors, and Swan Bitcoin, a premier Bitcoin wealth platform and institutional services provider, are pleased to announce the signing of a strategic Bitcoin Treasury Management Agreement. Under this agreement, Swan will advise and help implement Sequans’ newly adopted Bitcoin treasury strategy, according to the plan first publicized on June 23. Sequans, a leader in 5G and 4G chipsets and modules for IoT, is marking a bold shift in capital allocation by adopting Bitcoin as its primary reserve asset. As part of this strategic transformation, Swan’s executive team – CEO Cory Klippsten, CIO Ben Werkman, and CTO Yan Pritzker – will provide formal advisory support on all aspects of treasury implementation and strategy execution. To launch its Bitcoin Treasury Strategy, Sequans recently closed of a $384 million strategic investment through a private placement of convertible debt and equity. The company plans to accumulate over 3,000 BTC using the net proceeds from this initial investment. Execution of the strategy is already underway, with three major Bitcoin acquisitions completed: 370 BTC, 683 BTC, and 1,264 BTC, respectively. As of July 18th, these purchases bring Sequans’ total Bitcoin holdings to 2,317 BTC, positioning it as the 21st largest publicly traded corporate Bitcoin treasury globally, according to Sequans holds more Bitcoin than all of the “Mag7” tech giants combined and surpasses the Bitcoin reserves of 188 countries, underscoring how visionary companies can outpace even the largest corporations and nations. “Sequans is establishing itself as an innovator in corporate finance by adopting a Bitcoin treasury strategy,” said Cory Klippsten, CEO of Swan Bitcoin. “With a strong balance sheet and clear vision for the future, Sequans is poised to lead among Bitcoin Treasury Companies. Our mission is to help Sequans execute this strategy with speed, integrity, and excellence.” Swan will provide end-to-end strategic advisory services, including treasury design, capital markets guidance, custody architecture, analytics, and ongoing treasury management. Sequans will leverage Swan’s deep expertise and network to ensure secure execution, robust governance, and market transparency. “Sequans is embracing the future of capital by adopting Bitcoin as the foundation of our corporate treasury,” said Dr. Georges Karam, CEO of Sequans. “We believe Bitcoin is the world’s most pristine reserve asset. With the support of Swan’s world-class team, Sequans is well-positioned to lead in this new era. Our goal is to maximize Bitcoin per share and deliver long-term value to our shareholders.”

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Sequans has purchased an additional 1,264 bitcoin for ~$150 million at an average price of ~$118,659 per bitcoin. As of 07/18/2025 we hodl ~2,317 bitcoin acquired for ~$270 million at an average price of ~$116,493 per bitcoin. $SQNS

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