Empery Digital sold 20 BTC last week, reducing its total Bitcoin holdings to 2,914 BTC.
Source:
www.businesswire.com
According to Businesswire, Nasdaq-listed Bitcoin treasury company Empery Digital disclosed that it sold 20 bitcoins last week at an average price of $74,425, generating approximately $1.5 million in proceeds. Its total Bitcoin holdings have thus decreased to 2,914 bitcoins. Additionally, the company revealed that it has spent nearly $150 million to repurchase 26,244,657 shares of common stock to date. Going forward, it plans to continue selling Bitcoin as needed to fund future share repurchases and potentially repay some of its outstanding debt.