Empery Digital provided an update on its share repurchase program, acquiring 363,395 shares of its common stock under the $100 million program.
The company repurchased the shares at an average price of $7.39 per share, leaving $97 million available for future repurchases.
Management plans to continue allocating capital for share repurchases at prices below net asset value and anticipates additional borrowing capacity to support this strategy.
Share Repurchase Program Update
363,395 shares repurchased at an average price of $7.39 per share, $97 million remaining for future repurchases.
Capital Allocation Strategy
Management aims to fund share repurchases below NAV and leverage borrowing facilities for additional capacity.
BTC Holdings Growth
Company acquired 12.97 BTC, totaling 4,064.88 BTC with an average purchase price of $117,549 per BTC.
- Empery Digital's share repurchase program strengthens shareholder value by reducing the shares outstanding and utilizing excess cash efficiently.
- The growth in BTC holdings demonstrates the company's commitment to digital assets as part of its treasury strategy.
Empery Digital's proactive approach to share repurchases and strategic BTC acquisitions aligns with its vision to become a leading aggregator of bitcoin. The company's focus on capital efficiency and growth positions it well for the future of digital assets.