According to a report by BusinessWire, Nasdaq-listed Bitcoin treasury company Empire Digital disclosed that it sold 60 Bitcoins last week at an average price of $70,534, reducing its total Bitcoin holdings to 3,502. In addition, the company disclosed that it has spent approximately $127 million to repurchase over 21.291 million shares of common stock, and will continue to sell Bitcoin as needed to fund future share buybacks and potentially repay some outstanding debt.
Empery Digital sold 60 BTC last week for stock buybacks, bringing its total holdings down to 3,502 BTC.
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