Bitcoin Treasury Company Empery Digital Raises $25 Million by Selling Common Stock

Odaily News: Nasdaq-listed Bitcoin treasury company Empery Digital 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 exercisable for common shares (valid for four years from the date of issuance). The new funds are intended to be used for repaying repurchase loans.

Empery Digital also disclosed that it sold 63 Bitcoins last week at an average price of $72,791 per Bitcoin, reducing its total holdings to approximately 3,439 Bitcoins. (Businesswire)