Gate News, April 1, Nasdaq-listed Bitcoin treasury company Empery Digital Inc. (stock code: EMPD) announced that it has fully repaid its outstanding term loans by using proceeds from its recent registration for direct issuance and selling a portion of its bitcoin holdings. Since March 27, 2026, the company has sold 370 bitcoins, at an average price of approximately $66,632 per bitcoin, generating gross proceeds of approximately $24.7 million in total. Currently, the company’s treasury still holds 2,989 bitcoins. Co-CEOs Ryan Lane said this move is intended to enhance financial flexibility in response to the current high-volatility environment in the bitcoin market. Regarding its capital management strategy, management said it will continue to focus on increasing the amount of bitcoin held per share, and by carrying out opportunistic share repurchases below net asset value (NAV) to narrow the gap between the share price and NAV. Management also said it may increase credit-facility borrowing in the future and, depending on conditions, reduce bitcoin holdings to provide funding for the repurchases.
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