Empery Digital shares jump 21.78% intraday as board approves $200M buyback funded by Bitcoin sales and debt.

Empery Digital Inc. (NASDAQ: EMPD) surged 21.78% intraday following its announcement of a $200 million stock buyback program. The board approved expanding the initiative to fund repurchases through Bitcoin sales, additional debt instruments, or a combination, aiming to bridge the gap between corporate value and net asset value (NAV). The move, part of a broader strategy to enhance shareholder value by accelerating NAV per share growth, was cited as a key driver of the sharp intraday rally. While prior reports highlighted the company’s significant liabilities and negative earnings, the buyback signal of management confidence and capital allocation discipline appears to have outweighed those concerns in the short term.