Empery Digital Acquires 13 More Bitcoin, Boosting Holdings To ~4,065 BTC And Continues $100M Share Buyback Program
Benzinga Newsdesk 1 year ago
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Empery Digital Acquires 13 Additional BTC and Now Holds Approximately 4,065 BTCEmpery Digital Inc. (NASDAQ:EMPD) (the "Company" or "Empery Digital") today announced an update on its previously authorized share repurchase
Empery Digital Acquires 13 Additional BTC and Now Holds Approximately 4,065 BTC
Empery Digital Inc. (NASDAQ:EMPD) (the "Company" or "Empery Digital") today announced an update on its previously authorized share repurchase program.
As of August 22, 2025, the Company repurchased 363,395 shares of its common stock under its $100 million share repurchase program, at an average purchase price per share of $7.39, including all fees and commissions, using cash from its balance sheet. This represents the maximum number of shares permitted to be repurchased in the open market pursuant to applicable securities laws during the week of August 22, 2025. Following these repurchases, approximately $97 million remains available for future repurchases under the currently authorized share repurchase program.
Management intends to continue allocating capital to fund share repurchases at prices below net asset value (NAV). As previously stated, the Company has $25 million of available capacity to draw down and anticipates an additional $75 million in availability through an uncommitted borrowing facility. By modestly borrowing against the BTC holdings, management has the flexibility to opportunistically make accretive share repurchases and increase bitcoin per share for its shareholders.
BTC Holdings Update
Additionally, the Company today announced that since the last press release on August 18, 2025, the Company has acquired an additional 12.97 BTC for a total purchase price of $1.5 million. As of the time of this release, the Company holds 4,064.88 BTC acquired for an aggregate purchase price of approximately $478 million, reflecting an average purchase price of $117,549 per BTC.
