Empery Digital announced securing a $25 million credit facility for immediate share repurchases.
An additional $75 million facility is anticipated, totaling $100 million funding availability.
Decrease in fees to 1% under the amended share repurchase agreement to enhance cost-effectiveness.
Immediate Access to $25 Million
Provides flexibility for share repurchases below NAV.
Anticipated $75 Million Facility
Expected to fund share repurchases beyond the initial $25 million.
Decreased Fees
Fees reduced to 1% in the amended share repurchase agreement.
BTC Holdings Update
Acquired 25.20 BTC, totaling 4,051.90 BTC with an average purchase price of $117,554 per BTC.
- Empery Digital's strategic moves aim to increase bitcoin holdings per share while reducing costs.
- The company's focus on leveraging borrowing facilities showcases a proactive approach to enhancing shareholder value.
Empery Digital's initiatives reflect a prudent financial strategy aiming to boost bitcoin per share and reduce expenses, aligning with shareholder interests.