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Empery Digital, a Bitcoin treasury company, sells common stock to raise $25 million
According to businesswire, Bitcoin treasury company Empery Digital announced the sale of 4,638,219 shares of common stock at a price of $5.39 per share to raise $25 million. Additionally, it sold 4,638,219 warrants to purchase common stock (valid for four years from the date of issuance), with the new funds intended for repaying repurchase loans.
Empery Digital also disclosed that last week it sold 63 bitcoins at an average price of $72,791, bringing its total holdings down to approximately 3,439 bitcoins.
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