Empery Digital Updates Share Repurchase Program, Repurchases $88 Million Worth of Shares.

Empery Digital has repurchased 1.6 million shares of its common stock under a $100 million share repurchase program at an average price of $7.23. The program has $88 million remaining, and the company plans to continue buying back shares at prices below net asset value. Empery Digital also entered into a $75 million uncommitted revolving credit agreement with Galaxy Digital LLC to fund future share repurchases.

Empery Digital Inc., formerly known as Volcon, has significantly bolstered its Bitcoin holdings and share repurchase program, signaling a strategic pivot towards a Bitcoin treasury model. As of September 2, 2025, the company repurchased 1,009,115 shares of its common stock under a $100 million share repurchase program, executed at an average price of $7.29 per share, totaling approximately $7.3 million [1]. This repurchase represents the maximum permitted under applicable securities laws since August 18, 2025, with approximately $93 million remaining for future repurchases.

The company has also continued to accumulate Bitcoin. Since its last update on August 25, 2025, Empery Digital acquired an additional 16.51 BTC for $1.8 million, bringing its total Bitcoin holdings to 4,081.39 BTC, with an aggregate purchase price of approximately $480 million, reflecting an average purchase price of $117,517 per BTC [1].

Funding for these share repurchases has come from a $25 million committed borrowing facility, of which $8 million has been drawn to date. Empery Digital has also entered into a $75 million uncommitted revolving credit agreement with Galaxy Digital LLC to fund future share repurchases [2].

Management emphasizes its commitment to executing accretive share repurchases at prices below net asset value (NAV), aiming to increase the Bitcoin per share for investors. The strategic shift, effective July 17, 2025, positions Empery Digital as an aspiring low-cost, capital-efficient Bitcoin aggregator, while its electric powersports segment operates under the new brand, Empery Mobility [1].

References:
[1] https://www.panabee.com/news/empery-digital-repurchases-over-1-million-shares-bolsters-bitcoin-holdings-to-over-4-081
[2] https://www.stocktitan.net/news/EMPD/empery-digital-announces-update-on-share-repurchase-vsw856oqjs3x.html