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\n Summary<\/span>\n <\/p>\n <\/p>\n Bitcoin (BTC<\/a>) treasury company Empery Digital Inc. has sold 63 BTC for an average price of $72,791 per coin, generating roughly $4.6 million in gross proceeds to fund an aggressive stock repurchase program. The sale, executed during the week ending March 20, 2026 and disclosed from its U.S. operations, is part of a broader effort to finance buybacks and reduce balance\u2011sheet leverage. Following the transaction, Empery said it still holds 3,439 BTC in its treasury, keeping it among the larger listed corporate Bitcoin holders.<\/p>\n <\/p>\n The sale was announced alongside a\u00a0$25 million\u00a0registered direct equity offering, where Empery agreed to issue approximately\u00a04.64 million\u00a0shares of common stock at\u00a0$5.39\u00a0per share, together with an equal number of warrants. Net proceeds, plus cash on hand, are earmarked to retire about\u00a0$40 million\u00a0of debt by fully repaying a\u00a0$50 million\u00a0repo facility and drawing an additional\u00a0$10 million\u00a0from an existing\u00a0$100 million\u00a0credit line with lender Two Prime. \u201cWe intend to use the proceeds from this offering, together with cash on hand, to meaningfully reduce our secured debt while continuing to return capital to shareholders via repurchases,\u201d the company said.<\/p>\n Empery describes itself as being \u201cbuilt on principles, powered by Bitcoin,\u201d with a strategy focused on\u00a0maximizing bitcoin per share\u00a0rather than simply stacking coins on its balance sheet. In a series of recent updates, the company has repeatedly sold small BTC clips \u2014\u00a060 BTC\u00a0at an average of\u00a0$66,583\u00a0in late February for roughly\u00a0$4 million, and another\u00a060 BTC\u00a0at around\u00a0$70,534\u00a0in mid\u2011March for about\u00a0$4.2 million\u00a0\u2014 and used the proceeds to buy back stock. As of February 27, Empery had repurchased\u00a018,685,725\u00a0shares under its\u00a0$200 million\u00a0authorization; by mid\u2011March that tally had climbed to\u00a021.3 million\u00a0shares, with management signaling that \u201cexisting cash balances and reductions in bitcoin holdings\u201d would continue to fund repurchases as needed.<\/p>\n The trade\u2011off is explicit: fewer BTC<\/a>, but a smaller equity base and a less leveraged balance sheet, which could Empery<\/a> more exposed if Bitcoin enters a deep drawdown<\/a>, with the company itself cautioning that its stock price \u201cmay be highly correlated to the price of the digital assets that it holds\u201d and pointing to the \u201chighly volatile nature of the price of bitcoin and other cryptocurrencies\u201d among key risk factors. Supporters counter that if BTC resumes its long\u2011term uptrend, shrinking the share count while keeping thousands of coins on the balance sheet could deliver outsized\u00a0net asset value per share\u00a0gains over time.<\/p>\n One macro takeaway is clear: after a decade where \u201cBitcoin treasury strategy\u201d mostly meant one\u2011way accumulation, firms like Empery are now actively\u00a0trading around\u00a0their stacks \u2014 monetizing strength to pay down debt, repurchase stock, and manage risk rather than simply buying and holding at all costs.<\/p>\n <\/p><\/div>\n\n\n