According to Mars Finance, Bitcoin treasury company Empery Digital announced it raised $25 million by selling 4,638,219 shares of common stock at $5.39 per share. It also sold 4,638,219 warrants (valid for four years from the date of issuance) to purchase common stock. The new funds are intended 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.
Bitcoin treasury company Empery Digital raises $25 million by selling common stock.
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