Bullish indicating open at $55-$60, IPO prices at $37
AUSTIN, Texas - Empery Digital Inc. (NASDAQ:EMPD), a $952 million market cap company, announced Wednesday it has purchased an additional 87.62 Bitcoin for $10 million since its last update on August 3, according to a press release statement. InvestingPro data shows the company maintains a strong liquidity position with a current ratio of 5.09.
The company now holds a total of 4,000.85 BTC acquired for approximately $470 million, representing an average purchase price of $117,552 per Bitcoin.
Alongside this announcement, Empery Digital launched a new website, EmperyDigital.com, featuring a treasury dashboard that provides real-time updates on the company’s Bitcoin holdings and portfolio metrics.
"Providing real-time holdings information sourced directly from our custodian by our third-party administrator creates unprecedented transparency," said Ryan Lane, Co-CEO & Chairman of Empery Digital.
The company, 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."
Empery Digital maintains its electric vehicle business under the brand name Empery Mobility, focusing on electric power sports vehicles for the outdoor community.
The company’s stock price may be correlated to Bitcoin prices, and cryptocurrency investments involve significant volatility and regulatory uncertainties, as noted in the company’s risk disclosures. With a beta of -0.68, the stock typically moves contrary to broader market trends. InvestingPro analysis reveals the stock has shown strong returns over the past three months despite significant volatility.
In other recent news, Volcon, Inc. announced it has acquired an additional 316.8 Bitcoin for $37.3 million, bringing its total holdings to 3,500.18 Bitcoin. The company, which is planning to change its name to Empery Digital Inc., has spent approximately $412 million on Bitcoin, with an average purchase price of $117,683 per Bitcoin. This acquisition is part of a broader strategy that includes a $500 million private placement, with over 95% of the proceeds earmarked for Bitcoin purchases. Volcon has entered into agreements with institutional and accredited investors for this private placement, involving the sale of about 50.1 million shares at $10.00 each. The company has also partnered with Gemini to execute its Bitcoin strategy. Additionally, Volcon’s recent treasury strategy focuses on Bitcoin as a long-term store of value and a primary treasury reserve asset. According to Co-CEO Ryan Lane, this strategy is aimed at leveraging Bitcoin’s potential as a durable asset. These developments mark a significant shift in Volcon’s strategic direction.
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