Empery Digital Inc. Boosts Bitcoin Holdings with $12.6 Million Purchase, Totaling 3,913 BTC
Main Idea
Empery Digital Inc. has increased its bitcoin holdings by purchasing 110 bitcoins for $12.6 million, bringing its total to 3,913.23 bitcoins with an average price of $117,629 per bitcoin, which positively impacted its stock price.
Key Points
1. Empery Digital Inc. purchased 110 bitcoins for $12.6 million in early August 2024.
2. The company's total bitcoin holdings now stand at 3,913.23 BTC, with an average acquisition cost of $117,629 per bitcoin.
3. The cumulative cost of Empery Digital's bitcoin purchases is approximately $460 million.
4. Following the purchase, Empery Digital's stock price (EMPD) rose by 6.97% pre-market, reaching $10.43.
5. The acquisition reflects the company's long-term investment strategy in digital assets and aligns with broader industry trends of institutional cryptocurrency investment.
Description
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