![Cloud-Software-Firm-Phunware-Buys-398-More-Bitcoins-for-About.jpg Cloud Software Firm Phunware Buys 398 More Bitcoins for About $24M](https://cryptotoptrends.com/wp-content/uploads/2021/11/Cloud-Software-Firm-Phunware-Buys-398-More-Bitcoins-for-About-678x381.jpg)
Mobile cloud software company Phunware (PHUN) announced Monday that it has bought an additional 398 bitcoins for about $23.8 million in cash at an average price of about $59,917 per bitcoin, including fees.
- The Austin, Texas-based firm said it now holds about 529 bitcoin at an average purchase price of approximately $60,191 per bitcoin, according to a statement Monday.
- Phunware said last week it would start processing initial issuances of PhunCoin, available for trading on Securitize. In late October, the company said it would begin accepting bitcoin as a form of payment.
- Shares of Phunware were down more than 3% to $3.57 in early trading on Monday.
Leave a Reply