Odaily Planet Daily reports that 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 $24.7 million. Its total Bitcoin holdings have now fallen below the 3,000-Bitcoin threshold to 2,989 Bitcoin. 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. (Businesswire)
Empery Digital sells 370 BTC at an average price of $66,632, reducing total holdings to 2,989 BTC.
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Summary
Empery Digital sold 370 BTC at an average price of $66,632, in line with current BTC price levels. The sale generated $24.7 million, reducing its holdings to 2,989 BTC. The company has spent $142 million to repurchase 24.6 million shares. With BTC dominance under pressure, the firm may continue selling Bitcoin to fund share buybacks and debt repayment.
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