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Empery Digital Soars 10.55% on Bitcoin Treasury Strategy
Generated by AI AgentAinvest Pre-Market Radar
Wednesday, Aug 6, 2025 6:51 am ET1min read
Aime SummaryEmpery Digital's stock surged by 10.55% in pre-market trading on August 6, 2025, marking a significant rise in investor interest and confidence in the company's recent strategic moves.
Empery Digital has recently expanded its Bitcoin holdings by acquiring an additional 110 BTC for a total of $12.6 million. This purchase brings the company's total Bitcoin holdings to 3,913.23 BTC, with an aggregate purchase price of approximately $460 million. The company's average purchase price per BTC stands at $117,629, reflecting a strategic investment in the cryptocurrency market.
Empery Digital's adoption of a Bitcoin treasury strategy, effective from July 17, 2025, aims to position the company as a leading, low-cost, capital-efficient, and globally trusted aggregator of Bitcoin. This move aligns with the company's broader vision of leveraging blockchain technology to drive innovation and growth.
Originally founded as Volcon,
has transitioned from being an all-electric power sports company to a blockchain-focused entity. The company's electric vehicles, now operating under the brand name Empery Mobility, are designed to offer environmental benefits and a more immersive outdoor experience through their near-silent operation.
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