Empery Digital Inc. provided an update on its share repurchase program, revealing that over 13.7 million shares have been repurchased.
The company has repurchased shares under a $150 million program, leaving approximately $54 million for future repurchases.
Funding for the share repurchases has been through borrowings under a $150 million facility, with $100 million already drawn.
Shares Repurchased
Empery Digital has bought back 13,705,746 shares of its common stock.
Remaining Repurchase Amount
Approximately $54 million remains available for future share repurchases.
Debt Financing
The share repurchases have been funded by borrowings under a $150 million facility, with $100 million drawn.
- The company aims to increase Bitcoin per share through strategic share repurchases at prices below NAV.
- Management plans to potentially use proceeds from Bitcoin sales or derivative trading to fund additional share repurchases or debt repayments.
- Empery Digital's approach focuses on maximizing digital asset management through blockchain technology.
Empery Digital's update on its share repurchase program highlights its commitment to increasing value for shareholders through strategic repurchases and debt management.