PANews reported on April 13 that Nasdaq-listed Empire Digital (EMPD) disclosed that it has repurchased a total of 25,805,396 common shares under its $200 million share buyback program, at an average repurchase price of $5.72 per share (including fees). The company currently has approximately 30,253,058 fully diluted shares outstanding. During the same period, the company sold 55 BTC at an average price of $70,560 per BTC, generating approximately $3.9 million in total revenue. The Treasury currently holds 2,934 BTC. Management stated that it will increase its Bitcoin holdings per share and narrow the discount between the share price and NAV by opportunistically repurchasing shares when the share price is below net asset value (NAV) and, depending on the circumstances, increasing credit financing or further reducing BTC holdings.
Empery Digital has repurchased over 25.8 million shares and currently holds 2,934 BTC.
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Author: PA一线
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