Phunware Buy Bitcoin For $ 23.8 Million

A US mobile and cloud developer announces the acquisition of 398 BTC at an average price of $ 59.9 thousand per coin

American developer of mobile applications and cloud solutions Phunware announced the purchase of 398 bitcoin for about $ 23.8 million at an average price of $ 59.9 thousand per BTC.

Now the company owns 529 bitcoin, the cost of which on November 22 is $ 30.7 million. The average purchase price of one bitcoin is at $ 60.1 thousand.

The last time Phunware bought cryptocurrency was on November 5. Then the company acquired 100 bitcoin at a price of $ 62 thousand ($ 6.2 million).

Phunware is a public company that develops mobile apps, business cloud solutions and other blockchain-based products. 
Phunware is listed on the NASDAQ Stock Exchange. In 2020, the company developed an app to support Donald Trump's candidacy for the US presidential election.