Empery Digital repurchases 14 million shares under $150 million program

Empery Digital Inc. (NASDAQ: EMPD) has repurchased approximately 14.0 million shares of its common stock under its $150 million share repurchase program, the company announced. The shares were purchased at an average price of $6.94 per share, including fees and commissions.

As of January 30, 2026, approximately $53 million remains available for future repurchases under the program. Following the repurchases, the company's current shares outstanding total 37,378,237, after accounting for the potential exercise of 870,240 pre-funded warrants.

The company stated it plans to continue maximizing share repurchases to address what it characterizes as a gap between its enterprise value and net asset value. Future repurchases will be funded through bitcoin sales, additional borrowings from existing debt facilities, or a combination of both methods.

"From day one, we have been acutely focused on maximizing value for our shareholders," said Ryan Lane, Co-CEO of Empery Digital. "Despite our consistent actions to increase NAV per share, our current market valuation continues to reflect a material discount to our NAV."

Past share repurchases have been primarily funded by borrowings under the company's $150 million borrowing facilities, of which $105 million has been drawn to date. The company indicated it may reduce its bitcoin holdings to fund future share repurchases and repay borrowings.

Empery Digital also reported generating approximately $2.0 million in realized proceeds from derivative trading activities on its bitcoin holdings. The company has implemented various cost-reduction measures including headcount reductions, management salary cuts, and lease expense reductions.

The information is based on a company press release statement.

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