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Phunware Buys $23.8m Worth of Bitcoin -Breaking

by Mike Robinson

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© Reuters

Sam Boughedda

Investing.com — Phunware Inc, a mobile cloud platform company (NASDAQ:), announced Monday to investors that it had acquired 398 more for $23.8 million.

According to the company, it purchased BTC for an average of $59 917.

This acquisition brings the company’s total Bitcoin holdings up to 529, with an average buy price of $31.8million and an average Bitcoin price of $60,191.

The company last week announced that it would begin processing the initial issuances for its cryptocurrency PhunCoin.

Phunware shares fell 8.78% at $3.38

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