Finance
Share this article

Cloud Software Firm Phunware Buys 398 More Bitcoins for About $24M

The company now owns about 529 bitcoins in total, according to a statement.

By Michael Bellusci
Updated May 11, 2023, 7:03 p.m. Published Nov 22, 2021, 2:35 p.m.
Cloud Network Solution digital background. Cyber Security and Cloud Technology Concept
Cloud Network Solution digital background. Cyber Security and Cloud Technology Concept

Mobile cloud software company Phunware (PHUN) announced Monday that it has bought an additional 398 bitcoins for about $23.8 million in cash at an average price of about $59,917 per bitcoin, including fees.

  • The Austin, Texas-based firm said it now holds about 529 bitcoin at an average purchase price of approximately $60,191 per bitcoin, according to a statement Monday.
  • Phunware said last week it would start processing initial issuances of PhunCoin, available for trading on Securitize. In late October, the company said it would begin accepting bitcoin as a form of payment.
  • Shares of Phunware were down more than 3% to $3.57 in early trading on Monday.
Bitcoin News

More For You

Protocol Research: GoPlus Security

By CoinDesk Research
Nov 14, 2025
Commissioned byGoPlus
GP Basic Image

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report

More For You

Anchorage Digital Buys Securitize’s RIA Platform to Expand Wealth Management Business

By Will Canny, AI Boost|Edited by Aoyon Ashraf
1 hour ago
Scattered pile of $1 bills (Gerd Altmann/Pixabay, modified by CoinDesk)

The bank has bought the Securitize For Advisors unit, bringing the RIA-focused crypto wealth management platform in-house.

What to know:

  • Anchorage Digital acquired Securitize For Advisors (SFA), a crypto platform for RIAs.
  • The deal consolidates an existing custody relationship, with 99% of SFA assets held at Anchorage.
  • Securitize will refocus on tokenization as Anchorage expands its wealth management offering.

Read full story