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New Name Reflects Strategic Pivot to BTC Treasury Focus
VLCN Shares to Now Trade Under "EMPD"
303 Additional BTC Acquired, Treasury Holdings Now 3,803 BTC
Empery Digital Inc. (NASDAQ:EMPD) (the "Company" or "Empery Digital") today announced that it has changed its name from Volcon Inc., to Empery Digital Inc. aligning its name and branding with its new BTC treasury strategy. VLCN shares will now trade on Nasdaq under the new ticker symbol "EMPD" as of today, July 31, 2025.
Additionally, yesterday the Company expanded its existing "at-the-market" (ATM) equity sales program and the associated prospectus supplement, providing access to over $1 billion of capital via opportunistic sales of equity. This increase, together with the recently expanded share repurchase plan, enhances financial flexibility and enables the company to support NAV accretion by issuing shares at a premium and repurchasing shares at a discount - effectively insulating the value creation engine of the digital asset treasury model.
Bitcoin Holdings Update
Since the last update on July 28th, the Company has acquired an additional 303.04 BTC for a total purchase price of $35.6 million. As of the time of this release, the Company holds 3,803.23 BTC acquired for an aggregate purchase price of approximately $448 million, reflecting an average purchase price of $117,706 per BTC.
