A US mobile and cloud developer announced the acquisition of 398 BTC at an average price of $ 59.9 thousand per coin
American developer of mobile applications and cloud solutions Phunware announced the purchase of 398 bitcoins for about $ 23.8 million at an average price of $ 59.9 thousand per BTC.
Now the company owns 529 bitcoins, the cost of which at 18:45 Moscow time on November 22 is $ 30.7 million. The average purchase price of one bitcoin is at $ 60.1 thousand. The last time Phunware bought cryptocurrency was on November 5. Then the company acquired 100 bitcoins at a price of $ 62 thousand ($ 6.2 million).
Phunware is a public company that develops mobile apps, business cloud solutions and other blockchain-based products. Phunware is listed on the NASDAQ Stock Exchange. In 2020, the company developed an app to support Donald Trump's candidacy for the U.S. presidential election.
On November 22, it became known that Tahinis, a chain of Middle Eastern restaurants in Canada, increased its profits by 460% thanks to the purchase of Bitcoin. The company has been investing monthly net profit in cryptocurrency since August 2020.