Empery Digital Inc. Form 8-K Summary
Business Context and Reporting Period
Empery Digital Inc. (NASDAQ: EMPD), an emerging growth company, filed this Current Report on Form 8-K on February 9, 2026, regarding events occurring on February 6, 2026. The filing provides updates on the Company's share repurchase program and its Bitcoin (BTC) treasury holdings.
Key Financial Metrics and Activities
- Share Repurchases: The Company has repurchased 15,403,738 shares under its $200 million program at an average price of $6.71 per share (including fees).
- Shares Outstanding: 36,016,497 shares (excluding 870,240 pre-funded warrants).
- Bitcoin Sales: Sold 357.7 BTC during the week ending February 6, 2026, at an average price of $67,907 per BTC.
- Proceeds: Generated approximately $24 million in gross proceeds from BTC sales.
- Bitcoin Holdings: Current treasury balance is 3,723.7 BTC.
Material Changes and Management Commentary
Management intends to utilize the $24 million in proceeds from Bitcoin sales to fund ongoing share repurchases and partially repay outstanding debt. This strategy aims to prudently manage risk and release collateral in response to recent increased volatility in the Bitcoin market. The filing does not provide specific figures for total debt, liquidity, or operating margins.
Investor Verification Checklist
- Verify the exact amount of outstanding debt to be repaid with the $24 million in proceeds.
- Confirm the remaining balance available under the $200 million share repurchase authorization.
- Review the attached press release (Exhibit 99.1) for detailed terms of the debt repayment.
- Monitor future filings for updates on Bitcoin volatility and further sales or repurchase activity.