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Customized asset management to grow your digital assets
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Top asset management team helps you profit without hassle
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Empery Digital repurchases over 15.4 million shares at $6.71 average By Investing.com
Empery Digital Inc. has repurchased over 15.4 million shares of common stock at an average price of $6.71 under its $200 million share repurchase program, funding this by selling 357.7 bitcoin. The company aims to maximize per-share value and manage debt amidst bitcoin volatility and current profitability challenges, also noting a significant 69% decline in stock value over the past year. These repurchases contribute to their strategy of leveraging their bitcoin treasury to close the gap between enterprise value and net asset value.