Market reaction
Shares of Empery Digital Inc (NASDAQ:EMPD) rose 2.2% on Monday following an update from the company regarding progress under its share repurchase plan. The disclosure detailed the scale of repurchases executed to date and how those purchases were financed.
Repurchase activity and share count
Empery Digital said it has bought back in excess of 15.4 million shares of common stock under the companys $200 million repurchase program. The repurchases were completed at an average price of $6.71 per share, inclusive of fees and commissions. After accounting for the potential exercise of 870,240 pre-funded warrants, Empery Digitals outstanding share count is approximately 36 million.
Funding the program - bitcoin sales and treasury balance
To fund these repurchases, the company sold 357.7 BTC during the week ending February 6, 2026, at an average price of $67,907 per bitcoin, producing roughly $24 million in gross proceeds. Following that sale, Empery Digital reports it holds 3,723.7 BTC in its treasury.
Use of proceeds and balance-sheet priorities
Management indicated that, in addition to supporting share repurchases, a portion of the bitcoin sale proceeds is intended to be used to partially repay outstanding debt. The company framed the move as a measure to prudently manage risk and to release collateral in response to recent increases in bitcoin volatility.
Ongoing strategy
Empery Digital reiterated its commitment to maximizing per-share value and to narrowing the gap between its share price and net asset value by opportunistically repurchasing shares when prices trade below NAV. The company said it expects to continue leveraging its balance sheet to support repurchases, which may include further reductions in bitcoin holdings and additional debt repayments.
What the update means
The disclosure provides a clear snapshot of how Empery Digital is converting cryptocurrency holdings into cash to execute its repurchase plan while also prioritizing partial deleveraging. It signals managements intent to use both asset sales and balance-sheet flexibility to pursue shareholder-value objectives.
Note: All figures and statements above are reported by the company in its repurchase update.