Sequans Communications (SQNS), a France-based semiconductor company, has added another 1,264 bitcoin (BTC) to its balance sheet at an average cost of roughly $118,659 per coin, including fees.

The purchase, totaling $150 million, brings its total holdings to 2,317 BTC acquired for about $270 million. Its total average purchase price, including fees, is sitting at $116,493 per BTC.

The company the acquisition just weeks after closing a to help fund its bitcoin treasury strategy.

That raise included a mix of American depositary shares, convertible debentures and warrants. The company’s CEO Georges Karam has said it’s adopting BTC to enhance its financial resilience and create long-term value.

Sequans’ shares lost 9% during Friday’s trading session and are up 15.9% in pre-market trading.

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