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06/04/26 13:46 UTC-04

The company Empery Digital, whose shares are listed on Nasdaq, announced that despite significant progress in its share buyback program, it also sold its Bitcoin (Bitcoin) during the same period

.According to the company’s statement, as part of the buyback program, a total of 24,640,671 common shares have been repurchased for a total amount of $200 million. The average repurchase price was $5.77 per share.

On the other hand, during the week ending April 3, the company sold 370 bitcoins to create liquidity on its balance sheet. These sales, conducted at an average price of $66,632, generated approximately $24.7 million in proceeds. Following this transaction, the total amount of bitcoins held in the company’s reserves decreased to 2,989 BTC.

Empery Digital announced that it will continue its strategy of optimizing its capital structure. The company aims to increase investment value through further share buybacks, as its shares are trading below its net asset value (NAV).

In this context, it stated that in the future it may increase debt financing for additional buybacks or, to a limited extent, reduce its Bitcoin holdings.

See also: "Bitcoin today: rises above $69K amid possible Iran ceasefire"

#Bitcoin (BTC) #Sell

Editor: Yulia Krasnaya
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