Empery Digital sold 55 BTC last week, reducing its total Bitcoin holdings to 2,934 BTC.
Source:
www.businesswire.com
According to Businesswire, Empery Digital, a Nasdaq-listed Bitcoin treasury company, disclosed that it sold 55 bitcoins last week at an average price of $70,560, generating approximately $3.9 million in proceeds. Its total Bitcoin holdings have now declined to 2,934 bitcoins. Additionally, the company revealed that it has so far spent approximately $147 million to repurchase 25,805,396 shares of common stock. Going forward, it plans to continue selling Bitcoin as needed to fund future share repurchases and potentially repay some of its outstanding debt.