Bitcoin Treasury Company Empery Digital Raises $25 Million Through Sale of Common Stock

Odaily reported that 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, the company sold 4,638,219 warrants to purchase common stock (valid for four years from the date of issuance). The new funds are intended to be used to repay 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)