Empery Digital Sells 63 Bitcoin to Fund Stock Buyback Program

Empery Digital announced a $25 million common stock offering with warrants and said proceeds will repay repurchase loans, while a separate sale of 63 Bitcoin reduced its holdings to about 3,439 BTC.

BTC

Summary

Empery Digital announced a $25 million common stock offering priced at $5.39 per share and said it issued 4,638,219 warrants. According to the company, the offering proceeds will be used to repay repurchase loans. Separately, Empery Digital said it sold 63 Bitcoin last week at an average price of $72,791, generating about $4.6 million in gross proceeds and reducing its Bitcoin holdings to approximately 3,439 BTC.

Terms & Concepts
  • Common stock offering: A sale of newly issued ordinary shares by a company to raise capital from investors.
  • Warrants: Securities that give holders the right to buy a company’s stock at a set price before expiration, but do not obligate them to do so.
  • Bitcoin: A decentralized digital asset that can be held directly by companies as part of a corporate treasury strategy.