Phunware Buys $24 Million Bitcoin

Phunware, an enterprise cloud platform for mobiles bought 398 bitcoin for approximately $23.8 million in cash at an average price of approximately $59,917 per bitcoin, inclusive of fees and expenses, the company said.

That brings their total holdings to 529 bitcoin, bought for approximately $31.8 million at an average purchase price of $60,191 per bitcoin, inclusive of fees and expenses.