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AUSTIN - Empery Digital Inc. (NASDAQ:EMPD), currently trading at $6.98 after falling over 80% year-to-date, has repurchased 1,626,007 shares of its common stock at an average price of $7.23 per share, the company announced Monday.
The repurchases were made under the company’s previously authorized $100 million share buyback program. Following these transactions, approximately $88 million remains available for future repurchases. With a current market capitalization of $331.56 million and a strong current ratio of 4.56, the company maintains substantial liquidity for its operations.
The company stated that the repurchased shares represent the maximum number permitted to be bought back in the open market under applicable securities laws since August 18, 2025.
In addition to the share repurchase update, Empery Digital reported it has entered into an Uncommitted Revolving Credit Agreement with Galaxy Digital LLC for up to $75 million of potential additional funding. This agreement supplements a previously announced $25 million committed borrowing facility, of which $13 million has already been drawn.
Empery Digital, which adopted a bitcoin treasury strategy in July 2025, indicated that management remains focused on increasing bitcoin per share for shareholders through share repurchases at prices below net asset value.
The company, formerly known as Volcon, maintains an electric vehicle division under the brand name Empery Mobility, which produces electric off-road vehicles.
The information in this article is based on a company press release statement.
In other recent news, Empery Digital Inc. has made several strategic moves in the cryptocurrency and financial sectors. The company announced the acquisition of an additional 13 bitcoin for $1.5 million, increasing its total holdings to approximately 4,065 BTC. This follows a previous purchase of 17.51 bitcoin for $2 million, bringing the total investment in bitcoin to around $478 million at an average price of $117,549 per bitcoin. Additionally, Empery Digital has secured a $25 million committed borrowing facility to fund share repurchases, with the potential to access an additional $75 million through an uncommitted facility.
The company has the discretion to draw down on these funds to repurchase shares when they trade below net asset value. In another significant development, Volcon, Inc., which plans to change its name to Empery Digital, acquired 316.8 bitcoin for $37.3 million, bringing its holdings to 3,500.18 BTC at an average price of $117,683 per bitcoin. This acquisition strategy includes benefits from premiums received through derivative sales, which helped reduce the cost basis. These actions highlight Empery Digital’s ongoing commitment to expanding its cryptocurrency portfolio and enhancing shareholder value through strategic financial maneuvers.
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