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Bitcoin Treasury Company Empery Digital Sells Common Stock to Raise $25 Million
Deep Tide TechFlow News, March 25 — Nasdaq-listed Bitcoin treasury company Empery Digital announced the sale of 4,638,219 common shares at $5.39 per share, raising $25 million. Additionally, they sold 4,638,219 warrants to purchase common shares (valid for four years from the date of issuance). The new funds are intended to repay repurchase loans. Empery Digital also disclosed that last week they sold 63 bitcoins at an average price of $72,791 per bitcoin, bringing their total holdings to approximately 3,439 bitcoins.