Bullish indicating open at $55-$60, IPO prices at $37
AUSTIN, Texas - Empery Digital Inc. (NASDAQ:EMPD), a $956 million market cap company whose stock has gained over 8% in the past week according to InvestingPro, has purchased an additional 17.51 bitcoin for $2 million since its last update on August 6, according to a company press release issued Monday.
The company now holds a total of 4,018.36 bitcoin acquired for approximately $472 million, representing an average purchase price of $117,552 per bitcoin.
Empery Digital also announced it is exploring borrowing options to potentially fund share repurchases if the company’s stock trades below its net asset value (NAV).
"Our intentional decision to not use debt financing out of the gate affords the management team significant flexibility to pursue accretive opportunities for shareholders," said Ryan Lane, Co-CEO and Chairman of Empery Digital, in the press release. "If our shares trade at a discount to NAV, we will have the flexibility to act decisively."
The company also launched social media accounts, including @EMPD_BTC on X (formerly Twitter), to communicate with investors about its bitcoin strategy.
Empery Digital, formerly known as Volcon, adopted a bitcoin treasury strategy on July 17, 2025, with the stated goal of becoming a "leading, low cost, capital efficient, globally trusted aggregator of bitcoin." The company continues to operate its electric power sports vehicle business under the brand name Empery Mobility.
In other recent news, Volcon, Inc. announced a significant shift in its financial strategy by raising over $500 million through a private placement, with plans to allocate more than 95% of the proceeds to acquiring Bitcoin. This move aligns with Volcon’s strategic pivot toward using Bitcoin as its primary treasury reserve asset, as outlined in a Strategic Digital Assets Services Agreement with Gemini. The company, which plans to change its name to Empery Digital Inc., currently holds 280.14 BTC, including 235.83 BTC received in the private placement. Additionally, Volcon has acquired 3,183.37 Bitcoin for approximately $375 million, with an average purchase price of $117,697 per BTC. Further solidifying its commitment to cryptocurrency, Volcon recently acquired an additional 316.8 Bitcoin for $37.3 million, bringing its total holdings to 3,500.18 BTC. Meanwhile, Empery Digital Inc. announced it purchased an additional 87.62 Bitcoin for $10 million, increasing its total Bitcoin holdings to 4,000.85 BTC. These developments reflect the companies’ focused approach on leveraging Bitcoin as a long-term store of value and a robust treasury reserve asset.
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