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Empery Digital: Sold 370 bitcoins last week and released 1,800 bitcoins that were previously collateralized
According to a report by businesswire, Nasdaq-listed btc-42">Bitcoin treasury company Empery Digital disclosed that it sold 370 Bitcoins last week, generating total proceeds of approximately $24.7 million, and its current Bitcoin holdings have decreased to 2,989 coins.
In addition, 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 that were previously held as collateral.
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