Phunware Acquires Additional Bitcoin
Phunware, Inc. (NASDAQ: PHUN) has announced the acquisition of 100 bitcoin for approximately $4.975 million, averaging $49,750 per bitcoin, as part of its larger investment strategy in cryptocurrency. This purchase brings Phunware's total bitcoin holdings to about 630, with a total investment of around $36.8 million and an average cost of $58,513 per bitcoin. The move indicates Phunware's commitment to diversifying its asset portfolio and leveraging potential future gains in the cryptocurrency market.
- Acquisition of 100 bitcoin indicates strategic investment in cryptocurrency.
- Total bitcoin holdings increased to approximately 630, reflecting aggressive asset accumulation.
- Acquired bitcoin at a higher average price ($58,513) than recent purchase price ($49,750), suggesting potential unrealized losses.
AUSTIN, Texas, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ: PHUN) (the “Company”), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, announced today it has purchased an additional 100 bitcoin for approximately
As of December 9, 2021, Phunware holds an aggregate of approximately 630 bitcoin, which were acquired at an aggregate purchase price of approximately
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About Phunware, Inc.
Everything You Need to Succeed on Mobile — Transforming Digital Human Experience
Phunware, Inc. (NASDAQ: PHUN), is the pioneer of Multiscreen-as-a-Service (MaaS), an award-winning, fully integrated enterprise cloud platform for mobile that provides companies the products, solutions, data and services necessary to engage, manage and monetize their mobile application portfolios and audiences globally at scale. Phunware’s Software Development Kits (SDKs) include location-based services, mobile engagement, content management, messaging, advertising, loyalty (PhunCoin & PhunToken) and analytics, as well as a mobile application framework of pre-integrated iOS and Android software modules for building in-house or channel-based mobile application and vertical solutions. Phunware helps the world’s most respected brands create category-defining mobile experiences, with approximately one billion active devices touching its platform each month when operating at scale. For more information about how Phunware is transforming the way consumers and brands interact with mobile in the virtual and physical worlds, visit https://phunware.com, https://phunwallet.com, https://phuncoin.com, https://phuntoken.com, https://lytetechnology.com/ and follow @phunware, @phuncoin and @phuntoken on all social media platforms.
Phunware PR & Media Inquiries:
press@phunware.com
T: (512) 693-4199
Phunware Investor Relations:
Matt Glover and John Yi
Gateway Investor Relations
Email: PHUN@gatewayir.com
Phone: (949) 574-3860
FAQ
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