Empery Digital acquires additional bitcoins worth $2M
Main Idea
Empery Digital has acquired an additional 17.51 bitcoins for $2M, bringing its total holdings to 4,018.36 bitcoins with an average purchase price of $117,552 per BTC.
Key Points
1. Empery Digital acquired 17.51 bitcoins for $2M.
2. The company now holds 4,018.36 bitcoins acquired for approximately $472M.
3. The average purchase price per bitcoin is $117,552.
4. Shares of Empery Digital increased by 2.86% pre-market to $10.08.
5. Bitcoin was trading at $119,523.14 at the time of the announcement.
Description
All-electric power sports company Empery Digital ( NASDAQ: EMPD ) announced on Monday the acquisition of an additional 17.51 bitcoins for $2M. The company now holds 4,018.36 bitcoins acquired for ~$472M, representing an average purchase price of $117,552 per BTC. Shares were +2.86% pre-market to $10.08, while BTC was trading at $119,523.14. Also, Empery Digital said it has "been exploring a range of opportunities to cost effectively leverage the significant BTC holdings to fund potential share r...
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