Empery Digital Pulls Off the Ultimate Pivot: Dumps 370 BTC While Snapping Up Its Own Shares

Nasdaq-listed Empery Digital has been busy playing portfolio Tetris, and honestly? The moves are giving main character energy. The company revealed it repurchased 24,640,671 common shares under its share buyback program, totaling $200 million at an average price of $5.77 per share. Not bad for a week's work.

But here's the plot twist that has the entire trading floor raising their eyebrows: while loading up on its own stock like a degen at a clearance sale, the firm was quietly showing Bitcoin the door with the subtlety of a whale dumping on a small cap. Empery sold 370 BTC during the week ending April 3rd to create some liquidity magic, presumably while humming "It's My Money and I Cry If I Want To." These sales fetched an average price of $66,632, netting roughly $24.7 million in what can only be described as a very timed exit.

The move trimmed the company's crypto war chest down to 2,989 BTC sitting in reserves—because apparently, HODLing is so 2020. Looking ahead, Empery plans to keep optimizing its capital structure and boost investor value by continuing to repurchase shares trading below NAV, because apparently buying your own stock is the new Bitcoin. The company hinted it may crank up credit financing for more buybacks or further reduce its Bitcoin stash down the road—because why not flip the entire balance sheet while we're at it?

*This is not investment advice.