Bitcoin-accumulating firm Empery Digital secures $50 million new loan… buys 4.44 million treasury shares

Minseung Kang

Summary

Empery Digital said it paid off all existing debt through a $50 million new loan.
The company said it used the secured funds to complete the purchase of 4,446,844 treasury shares and is pursuing shareholder value enhancement.
Empery Digital explained it will increase Bitcoin holdings and further buy back shares to raise long-term value.

U.S. Nasdaq-listed Empery Digital (Empery Digital) has entered into a new $50 million loan agreement and has fully repaid its existing debt. The company said it will use the remaining funds to continue repurchasing shares to enhance shareholder value.

On the 26th (local time), Business Wire reported that Empery Digital used the funds to repay its existing borrowings without fees and allocated some to stock repurchases. As of the 25th, the company had purchased a total of 4,446,844 treasury shares, with an average purchase price of $7.48 per share.

Empery Digital still has capacity to buy about $67 million worth of treasury shares. The company said, "When the stock is trading below net asset value (NAV), buying shares can return greater benefits to shareholders," and added, "Through this process, we will increase Bitcoin (BTC) holdings per share to raise long-term value."

Meanwhile, Empery Digital originally started as a powersports company producing electric off-road vehicles, and still continues its electric vehicle business under the 'Empery Mobility' brand. Since July, it has adopted a Bitcoin treasury strategy, allocating a significant portion of its assets to Bitcoin accumulation and focusing on enhancing shareholder value.

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