Bitcoin treasury firm EmperyDigital raises $25 million by selling common stock

Bitcoin treasury company Emperor Digital announced that it would raise US$25 million by selling 4,638,219 common shares at US$5.39 per share. In addition, it would sell 4,638,219 warrants to purchase common shares (valid for four years from the date of issue). The new funds are intended to be used to repay repurchase loans. Emperor Digital also disclosed that it sold 63 bitcoins at an average price of US$72,791 last week, and its total holdings have dropped to approximately 3,439.