Phunware Acquires Additional Bitcoin
Phunware, Inc. (NASDAQ: PHUN) has acquired an additional 398 bitcoins for approximately $23.8 million in cash, averaging about $59,917 per bitcoin. This purchase brings its total holdings to approximately 529 bitcoins, acquired at a total cost of around $31.8 million and an average cost of $60,191 per bitcoin. The acquisition underscores Phunware's commitment to investing in digital assets, enhancing its financial strategy and positioning within the technology landscape.
- Acquisition of 398 bitcoins reflects a strategic investment in digital assets.
- Total bitcoin holdings now at approximately 529 bitcoins positioning the company competitively.
- High average purchase price of approximately $60,191 per bitcoin could lead to potential financial strain if market prices decrease.
AUSTIN, Texas, Nov. 22, 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 398 bitcoin for approximately
As of November 22, 2021, Phunware holds an aggregate of approximately 529 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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