Empery Digital acquires additional bitcoins worth $2M

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 repurchases in the event the Company’s common stock trades at a discount to net asset value”.

Source: Seeking Alpha