ChainCatcher report, according to BusinessWire, Empery Digital, a Bitcoin treasury company, announced the sale of 4,638,219 shares of common stock at $5.39 per share, raising $25 million. Additionally, it sold 4,638,219 warrants, each exercisable for one share of common stock, with a term of four years from the issuance date. The new funds are intended to repay a repurchase loan. Empery Digital also disclosed that last week it sold 63 bitcoins at an average price of $72,791, reducing its total holdings to approximately 3,439 bitcoins.
Bitcoin wealth management firm Empery Digital raises $25 million through a share sale.
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Summary
Bitcoin wealth management firm Empery Digital raised $25 million through a share offering, selling 4,638,219 common shares at $5.39 each. The company also issued 4,638,219 warrants for common shares, valid for four years. The proceeds will be used to repay repurchase loans. Last week, Empery Digital sold 63 Bitcoin at an average price of $72,791, bringing its total holdings to approximately 3,439 Bitcoin. This move follows continued activity in the digital asset market and ongoing developments in Bitcoin news.
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