Phunware is a mobile software company that bought BTC as its treasury reserve asset in 2021, sold most of it in 2022 and 2023, and holds the rest next to its software business.
Nasdaq:PHUN- BTC holdings
- 0.82
- Cost Basis
- —
- Average cost / BTC
- —
- Change since start of year
- —
$60.31K · as of Dec 31, 2025 · price as of Nov 11, 2026
NgU — · as of Dec 31, 2025
—
- ETH holdings
- 8.02
- Cost Basis
- —
- Average cost / ETH
- —
- Change since start of year
- —
$16.5K · as of Dec 31, 2025 · price as of Nov 11, 2026
NgU — · as of Dec 31, 2025
—
- Market Cap
- $35.61M
- Enterprise Value
- -$56.53M
- mNAV
- —
- Holdings per Share (BTC)
- —
- Holdings per Share (ETH)
- —
Balance sheet values as of Jun 30, 2026, basic shares as of Aug 5, 2026: 10-Q · Aug 10, 2026
Asset holdings
Latest reported holdings for each asset. Cost Basis is the reported total cost. It can include fees and staking income. It does not give the date or price of each Purchase.
| Asset | Holdings | Cost Basis | As of | Sources |
|---|---|---|---|---|
| BTC | 0.82 | Not reported | Dec 31, 2025 | |
| ETH | 8.02 | Not reported | Dec 31, 2025 |
HoldingsBTC vs USD value
0.82 BTC
$60.51K USD value · as of 2026-11-10
- BTC Holdings (left)
- USD Value (right)
BTC Reserve
0.82 BTC
Average Cost $57,851 / BTC
- Holdings
- Average Cost
- Purchase (size = amount)
- Sale (size = amount)
BTC historical holdings
| Date | Change | Holdings | Cumulative cost | Average Cost | Sources |
|---|---|---|---|---|---|
| Dec 31, 2025 | 00% | 0.82 | — | — | |
| Dec 31, 2024Unexplained Decrease: The Source reports lower holdings without a stated Sale. The Source states that the Company sold digital assets to fund its operations and gives the proceeds in USD only, with no count. | -121.18-99.33% | 0.82 | — | — | |
| Mar 31, 2023Unexplained Decrease: The Source reports lower holdings without a stated Sale. The Source states that the Company sold digital assets to fund its operations and gives the proceeds in USD only, with no count. | -483-79.83% | 122 | — | — | |
| Dec 31, 2022Unexplained Decrease: The Source reports lower holdings without a stated Sale. The Source states that the Company sold digital assets to fund its operations and gives the proceeds in USD only, with no count. | -48-7.35% | 605 | $35M | $57,851 | |
| Sep 30, 2022 | 00% | 653 | — | — | |
| Jun 30, 2022 | +9+1.4% | 653 | — | — | |
| Mar 31, 2022 | +12+1.9% | 644 | — | — | |
| Dec 31, 2021 | — | 632 | $37M | $58,544 |
Advanced metrics
| Date | BTC holdings | Shares outstanding | Stock price | Market Cap | Financials | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Balance | Cost Basis | Value | Basic | Diluted | Basic | Diluted | Cash | Debt | ||
| Dec 31, 2025 | 0.82 | — | $71.87K | — | — | $1.85 | — | — | — | — |
| Dec 31, 2024 | 0.82 | — | $76.73K | — | — | $5.20 | — | — | — | — |
| Mar 31, 2023 | 122 | — | $3.47M | — | — | $35.50 | — | — | — | — |
| Dec 31, 2022 | 605 | $35M | $10.01M | — | — | $38.65 | — | — | — | — |
| Sep 30, 2022 | 653 | — | $12.68M | — | — | $59.00 | — | — | — | — |
| Jun 30, 2022 | 653 | — | $13.02M | — | — | $54.00 | — | — | — | — |
| Mar 31, 2022 | 644 | — | $29.31M | — | — | $139.00 | — | — | — | — |
| Dec 31, 2021 | 632 | $37M | $29.21M | — | — | $131.50 | — | — | — | — |
— means no value was disclosed or derivable for that date.Stock prices are daily closes in USD at today's exchange rate.
HoldingsETH vs USD value
8.02 ETH
$16.47K USD value · as of 2026-11-10
- ETH Holdings (left)
- USD Value (right)
ETH Reserve
8.02 ETH
- Holdings
- Purchase (size = amount)
- Sale (size = amount)
ETH historical holdings
| Date | Change | Holdings | Cumulative cost | Average Cost | Sources |
|---|---|---|---|---|---|
| Dec 31, 2025 | 00% | 8.02 | — | — | |
| Dec 31, 2024Unexplained Decrease: The Source reports lower holdings without a stated Sale. The Source states that the Company sold digital assets to fund its operations and gives the proceeds in USD only, with no count. | -368.98-97.87% | 8.02 | — | — | |
| Mar 31, 2023Unexplained Decrease: The Source reports lower holdings without a stated Sale. The Source states that the Company sold digital assets to fund its operations and gives the proceeds in USD only, with no count. | -23-5.75% | 377 | — | — | |
| Dec 31, 2022Unexplained Decrease: The Source reports lower holdings without a stated Sale. The Source states that the Company sold digital assets to fund its operations and gives the proceeds in USD only, with no count. | -390-49.37% | 400 | — | — | |
| Sep 30, 2022 | +10+1.28% | 790 | — | — | |
| Jun 30, 2022Unexplained Decrease: The Source reports lower holdings without a stated Sale. The Source states that the Company sold digital assets to fund its operations and gives the proceeds in USD only, with no count. | -507-39.39% | 780 | — | — | |
| Mar 31, 2022 | — | 1,287 | — | — |
Advanced metrics
| Date | ETH holdings | Shares outstanding | Stock price | Market Cap | Financials | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Balance | Cost Basis | Value | Basic | Diluted | Basic | Diluted | Cash | Debt | ||
| Dec 31, 2025 | 8.02 | — | $23.83K | — | — | $1.85 | — | — | — | — |
| Dec 31, 2024 | 8.02 | — | $26.77K | — | — | $5.20 | — | — | — | — |
| Mar 31, 2023 | 377 | — | $686.71K | — | — | $35.50 | — | — | — | — |
| Dec 31, 2022 | 400 | — | $478.45K | — | — | $38.65 | — | — | — | — |
| Sep 30, 2022 | 790 | — | $1.05M | — | — | $59.00 | — | — | — | — |
| Jun 30, 2022 | 780 | — | $835.39K | — | — | $54.00 | — | — | — | — |
| Mar 31, 2022 | 1,287 | — | $4.22M | — | — | $139.00 | — | — | — | — |
— means no value was disclosed or derivable for that date.Stock prices are daily closes in USD at today's exchange rate.
BTC holdings comparison
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Phunware0.82 BTC
ETH holdings comparison
- #1
Bitmine Immersion Technologies6,001,302 ETH - #2
Bit Digital164,842.2 ETH - #3Coinbase Global160,759 ETH
- #4
Bitcoin Group SE10,232 ETH - #5Bullish9,540 ETH
- #6
Intchains Group9,176 ETH - #7
CoinShares6,077 ETH - #8
SOS Limited2,949.79 ETH - #9
Circle Internet Group1,718 ETH - #10
DigiPowerX1,017 ETH - #22Phunware8.02 ETH