Phunware buys 100 bitcoins for $6.2 million in cash

On November 5th, Phunware, an enterprise cloud office software company, announced the purchase of 100 bitcoins for approximately US$6.2 million in cash. The average price of this purchase of bitcoins is approximately US$62,030. As of November 4, 2021, Phunware holds a total of about 127 bitcoins. The fair value of the bitcoins held is approximately US$7.75 million, and the average purchase price is approximately US$61,238 per bitcoin.