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Empery Digital Releases 1,800 Bitcoins and Sells 370 Last Week
Nasdaq-listed Bitcoin treasury company Empery Digital disclosed that it sold 370 bitcoins last week, generating approximately $24.7 million in total revenue, bringing its bitcoin holdings down to 2,989 coins. Additionally, Empery Digital announced that it has fully repaid its term loans using funds raised from a recent equity offering and the sale of some bitcoins. The company’s balance sheet will be strengthened by reducing ongoing interest expenses and releasing approximately 1,800 bitcoins previously held as collateral.