Empery Digital Inc. Renames, Ticks Up to EMPD, Expands ATM Equity Sales to $1B

Volcon Inc. has changed its name to Empery Digital Inc. and will trade on Nasdaq under the new ticker symbol "EMPD" as of July 31, 2025. The company has adopted a bitcoin treasury strategy and has acquired 3,803.23 BTC for a total purchase price of approximately $448 million. Empery Digital's e-power-sports business will operate under the Empery Mobility brand.

Empery Digital Inc., formerly known as Volcon Inc., has announced a significant strategic pivot by changing its name and adopting a Bitcoin treasury strategy. The company will now trade on the Nasdaq under the new ticker symbol "EMPD" as of July 31, 2025. This move reflects a strategic shift towards digital assets and aligns with the company's belief in Bitcoin as a store of value for the future [1].

Empery Digital has acquired 3,803.23 BTC, bringing its total Bitcoin holdings to approximately $448 million. The average purchase price per BTC is around $117,706, reflecting a deliberate effort to build a defensible digital asset portfolio while mitigating short-term market fluctuations [2]. This acquisition positions Empery Digital among the top 35 institutional Bitcoin holders globally, signaling growing institutional confidence in the cryptocurrency's long-term value [2].

The company's e-power-sports business will continue to operate under the Empery Mobility brand, focusing on a highly efficient, asset-light business model. This dual-track strategy aims to diversify revenue streams and attract investors with exposure to emerging technologies. The company's recent Bitcoin acquisition has drawn comparisons to other publicly traded companies in the EV and clean energy sectors, although Empery Digital's total holdings remain smaller than Tesla's peak reserves of over 10,000 BTC [2].

Empery Digital's strategic pivot towards digital assets and energy infrastructure positions it as a bridge between traditional energy infrastructure and blockchain innovation. The company's recent premarket share performance indicates heightened investor interest linked to the Bitcoin announcement, suggesting market confidence in its dual-track strategy [2].

Forward-looking statements included in the press release address the Company's ability to efficiently build its Bitcoin portfolio and successfully reposition its power sports business. Each forward-looking statement is subject to risks and uncertainties, including changes in business, market, financial, political, and regulatory conditions [1].

References:

[1] https://www.stocktitan.net/news/VLCN/volcon-inc-is-now-empery-digital-r4vnu3jdwajm.html
[2] https://www.ainvest.com/news/bitcoin-news-today-empery-digital-37-3m-btc-purchase-expands-holdings-3-500-joins-top-35-institutional-holders-2507/