According to Businesswire, Nasdaq-listed Bitcoin treasury company Empery Digital announced the sale of 4,638,219 shares of common stock at $5.39 per share to raise $25 million, along with the sale of 4,638,219 warrants to purchase common stock, valid for 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.
Empery Digital Raises $25M Through Share Sale and Warrants
TechFlowShare
Summary
Empery Digital, a Nasdaq-listed Bitcoin treasury firm, raised $25 million by selling 4,638,219 common shares at $5.39 each. The company also issued 4,638,219 warrants for future share purchases. The funds will be used to repay repurchase loans. Last week, Empery sold 63 Bitcoin at an average price of $72,791, leaving it with approximately 3,439 Bitcoin. This move occurs amid shifting dynamics in the digital asset market, as attention turns to altcoins to watch while Bitcoin positions are adjusted.
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