Empery Digital reveals $150M expansion of share buyback initiative
Share Repurchase Program Increase: The company's board has approved raising the share repurchase program to $150 million.
Commitment to Shareholder Value: Management aims to enhance bitcoin per share for shareholders through strategic repurchases at prices below net asset value.
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Empery Digital Provides Update on Stock Buyback Initiative
Share Repurchase Update: Empery Digital Inc. has repurchased 11.9 million shares under its $150 million share repurchase program, with approximately $63 million remaining for future repurchases.
Funding and Strategy: The repurchases have been funded through borrowings, with $90 million drawn from a borrowing facility, as the company aims to increase bitcoin per share through strategic share buybacks.
Market Perspective: Chairman Ryan Lane views the current market pressure on Bitcoin as an opportunity for impactful share repurchases, believing it will enhance the company's value in the long term.
Company Vision: Empery Digital focuses on digital asset management through blockchain, emphasizing a bitcoin treasury strategy to maximize shareholder value and drive progress in the industry.
Empery Digital Unveils Updated Investor Presentation
Empery Digital's Upcoming Participation: Empery Digital will participate in the 2025 Maxim Growth Summit on October 22-23, featuring a panel on Digital Asset Treasuries with Co-CEO Ryan Lane and keynote speakers including Larry Kudlow and Christopher Ruddy.
Share Repurchase Program Update: The company has repurchased over 8.1 million shares under its $150 million program, with approximately $89 million remaining for future repurchases, bringing the total outstanding shares to about 43.3 million.