Empery Digital reiterates its commitment to narrowing the net asset value gap

According to a report by Bijie Network: Empery Digital Inc. (NASDAQ: EMPD) has reiterated its commitment to bridging the gap between enterprise value and net asset value (NAV) through value-added stock buybacks. The company plans to fund the buybacks by selling bitcoin, drawing on debt, or a combination of both, and its board of directors has recently increased the scale of the buyback program to $200 millions. Management believes that this strategy of repurchasing shares at prices below NAV will enable the per-share NAV to grow faster than bitcoin, thereby maximizing shareholder value. Management also noted that a complete liquidation of bitcoin is mathematically not the optimal choice.