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- Bitcoin treasury company Empery Digital sells $63 $BTC about $4.6 million To support stock buyback funds.
- The company made the announcement at the same time. $25 million We have registered a direct stock offering at $5.39 per share and warrants primarily to repay a $50 million repurchase facility.
- Empery is currently held 3,439 $BTC in the Treasury, and has clearly prioritized stock buybacks over accumulating additional Bitcoin in the short term.
Bitcoin ($BTC) Financial company Empery Digital Inc. sold 63 $BTC The average price per coin is $72,791, with total proceeds of approximately $4.6 million to fund an aggressive stock repurchase program. The sale, which took place during the week ending March 20, 2026, was disclosed by the company’s U.S. operations and is part of a broader effort to fund share buybacks and deleverage its balance sheet. After the trade, Empery said he still had $3,439. $BTC in the Treasury and among Bitcoin holders in large publicly traded companies.
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The sale was announced concurrently with a $25 million registered direct stock offering, in which Empery agreed to issue approximately 4.64 million shares of common stock at a price of $5.39 per share, along with an equal number of warrants. The net proceeds and cash on hand will be used to repay approximately $40 million in debt by fully repaying a $50 million repurchase facility and drawing down an additional $10 million from an existing $100 million loan facility with lender Two Prime. “We intend to use the proceeds from this offering and cash reserves to significantly reduce our secured debt while continuing to return capital to our shareholders through stock repurchases,” the company said in a statement.
Empery describes its company as “built on Bitcoin-powered principles,” with a strategy focused on maximizing Bitcoin per share, rather than simply accumulating coins on its balance sheet. In a series of recent updates, the company has repeatedly made small sales. $BTC Clip — 60 $BTC The average in late February was $66,583, about $4 million, plus $60 $BTC In mid-March, it sold the company for about $70,534 for about $4.2 million, and used the proceeds to buy back its own stock. As of February 27, Empery had repurchased 18,685,725 shares based on a $200 million authorization. By mid-March, that total had increased to 21.3 million shares, with management indicating that “reductions in existing cash balances and Bitcoin holdings” would continue to fund share buybacks as needed.
The trade-off is clear. $BTCHowever, due to its small capital base and low balance sheet leverage, Empery could be exposed to further risks if Bitcoin suffers a significant drawdown, with the company itself warning that its stock price “may be highly correlated with the prices of its digital asset holdings” and citing “the highly volatile nature of the prices of Bitcoin and other cryptocurrencies” among the key risk factors. Supporters counter this. $BTC If the long-term uptrend resumes and you shrink the number of shares while keeping a few thousand coins on your balance sheet, your net asset value per share could increase significantly over time.
One macro point is clear. After a decade when a “Bitcoin financial strategy” meant one-way accumulation, companies like Empery are now actively trading around the stack, monetizing their strength to pay down debt, buy back equity, and manage risk, rather than simply buy and hold at all costs.
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