Phunware Buys 100 Bitcoins for $6.2 Million: A Deep Dive
The latest cryptocurrency news is buzzing about Phunware's recent Bitcoin purchase. But how much did they spend, and what does it mean for the company? This article breaks down the details of Phunware's substantial investment in Bitcoin.
Phunware's Bitcoin Acquisition: Key Details
AUSTIN, Texas, Dec. 09, 2025 (GLOBE NEWSWIRE) - It was earlier, on Friday 5th November, that Phunware announced that it had bought another 100BTC for approximately $6.20 Million in cash. Phunware, Inc. (NASDAQ: PHUN), a fully-integrated enterprise cloud platform for mobile, announced today it has purchased an additional 100 bitcoin for approximately $6.20 million in cash, inclusive of fees and expenses.
tldr; Phunware, a fully-integrated enterprise cloud platform for mobile, announced today it has purchased an additional 100 bitcoin for approximately $6.20 million in cash. As of November 4, the platform had secured a further investment. The price point per coin is worth noting. Phunware, Inc. (PHUN) disclosed that it has bought an additional 100 bitcoins in an all-cash deal of $6.20 million, inclusive of fees and expenses.
Breaking Down the Numbers
On November 5th, Phunware, an enterprise cloud office software company, announced the purchase of 100 bitcoins for approximately US$6.2 million in cash. This amounts to roughly $62,000 per Bitcoin at the time of purchase, inclusive of fees. It was purchased.
Phunware's Bitcoin Strategy
El 5 de noviembre, Phunware, una empresa de software de oficina en la nube empresarial, anunció la compra de 100 bitcoins por aproximadamente US $ 6,2 millones en efectivo a un precio medio de 49.750 dólares por bitcoin. A partir del jueves, la plataforma Phunware dijo el jueves que ha comprado 100 bitcoins adicionales por 5 millones de dólares en efectivo.
What This Means for Phunware (PHUN)
Phunware's strategic investment in Bitcoin reflects a growing trend of publicly traded companies diversifying their assets with cryptocurrency. While the volatility of Bitcoin presents inherent risks, Phunware's move indicates confidence in the long-term value of digital assets.