Empery Digital Inc., a Nasdaq-listed Bitcoin treasury company, has announced the sale of 370 Bitcoin at an average price of $66,632, generating approximately $24.7 million. The proceeds were used to fully repay the company's outstanding term loan. Following this transaction, Empery Digital's treasury holds 2,989 Bitcoin.
Co-CEO Ryan Lane emphasized that the sale was part of a strategy to enhance financial flexibility amid Bitcoin market volatility. The company remains committed to increasing Bitcoin holdings per share and plans to narrow the gap between its stock price and net asset value through strategic share repurchases. Empery Digital may also adjust its Bitcoin holdings and credit facility usage to support future repurchases.
Empery Digital Sells 370 BTC, Repays Loan, Holds 2,989 BTC
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