According to Mars Finance, as reported by Businesswire, Empery Digital, a Nasdaq-listed Bitcoin treasury company, disclosed that last week it sold 370 Bitcoin at an average price of $66,632, generating total proceeds of approximately $24,700,000. Its total Bitcoin holdings have now fallen below the 3,000-Bitcoin threshold to 2,989 BTC. Additionally, the company revealed that, to date, it has spent approximately $142 million to repurchase 24,640,671 shares of common stock and plans to continue selling Bitcoin as needed to fund future share repurchases and potentially repay a portion of its outstanding debt.
Empery Digital's Bitcoin holdings fall below 3,000 BTC after selling 370 BTC for $24.7M
MarsBitShare
Summary
Empery Digital’s BTC market update shows its Bitcoin holdings have fallen below 3,000 BTC after selling 370 BTC for $24.7 million last week at an average price of $66,632. The firm now holds 2,989 BTC. Empery has spent $142 million repurchasing 24.6 million shares and may continue selling BTC to fund buybacks and repay debt.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.