Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
AUSTIN - Empery Digital Inc. (NASDAQ:EMPD), currently trading at $9 per share and according to InvestingPro analysis showing signs of undervaluation, has secured a $25 million committed borrowing facility to fund share repurchases, the company announced Monday in a press release.
The bitcoin-focused firm, with a market capitalization of $427 million, said it anticipates securing an additional $75 million through an uncommitted borrowing facility, potentially bringing total funding availability to $100 million. Drawdowns on the current facility are at the company’s sole discretion, allowing management to repurchase shares when they trade below net asset value (NAV). InvestingPro data shows the company maintains a healthy current ratio of 4.56, indicating strong ability to meet short-term obligations.
Empery Digital also amended its existing share repurchase agreement to reduce fees to 1%, which the company described as part of its strategy to lower costs while increasing bitcoin per share.
"These facilities and the amended share repurchase agreement provide us with the flexibility to strategically leverage a modest portion of our BTC portfolio to increase bitcoin per share through opportunistic share repurchases if our share price trades below NAV," said Ryan Lane, Co-CEO and Chairman of Empery Digital.
The company also reported acquiring an additional 25.20 BTC for $3 million since its last update on August 12. Empery Digital now holds approximately 4,051.90 BTC purchased at an average price of $117,554 per bitcoin, with an aggregate purchase price of approximately $476 million. With a beta of -0.68, the stock typically moves in the opposite direction of the broader market, offering potential portfolio diversification benefits. Discover more strategic insights and 15 additional ProTips with InvestingPro.
Empery Digital, which adopted a bitcoin treasury strategy on July 17, 2025, was formerly known as Volcon. The company maintains its electric vehicle business under the brand name Empery Mobility.
In other recent news, Empery Digital Inc. has been actively expanding its Bitcoin holdings. The company announced the acquisition of an additional 17.51 Bitcoin for $2 million, bringing its total to 4,018.36 Bitcoin, purchased for approximately $472 million. This follows a previous acquisition of 87.62 Bitcoin for $10 million, which increased their holdings to 4,000.85 Bitcoin at that time. The average purchase price for these acquisitions has been around $117,552 per Bitcoin. Volcon, Inc., which plans to change its name to Empery Digital, has also been involved in significant Bitcoin purchases. The company acquired 316.8 Bitcoin for $37.3 million, bringing its total to 3,500.18 Bitcoin with an average price of $117,683 per Bitcoin. Earlier, Volcon announced a private placement that raised over $500 million, with a plan to allocate more than 95% of the proceeds toward Bitcoin acquisitions. This strategic move is part of a broader treasury strategy focused on Bitcoin as a long-term store of value.
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