\nEmpery Digital Inc. (NASDAQ: EMPD) (\u201cEmpery Digital”, the \u201cCompany\u201d or \u201cwe\u201d), the first all-electric, off-road powersports company, today reported its operational highlights and financial results for the quarter ended June 30, 2025.<\/p>\n
Company Highlights:<\/b><\/p>\n \nEffective as of July 17, 2025, the Company adopted a BTC treasury strategy with the goal of becoming a leading, low cost, capital efficient, globally trusted aggregator of BTC. On July 21, 2025, we completed private placements with certain institutional and accredited investors for the sale of 44,414,189 shares of common stock and pre-funded warrants to purchase an aggregate of 5,728,662 shares common stock with an exercise price of $0.00001. The Company received net cash proceeds of approximately $481 million.<\/p>\n \nAt the time of this release, we have acquired 4,026.71 BTC for an aggregate purchase price of approximately $473 million, reflecting an average purchase price of $117,546 per BTC.<\/p>\n \nThe Company amended its At-The-Market Issuance Sales Agreement which increased the maximum capacity of the program by $1 billion, in addition to the $90 million available under its existing ATM program. The Company filed a shelf registration statement to register the shares underlying such agreement on July 30, 2025. In addition, the board of directors of the Company approved a $100 million common stock repurchase program.<\/p>\n \nOn August 6, 2025, the Company launched EmperyDigital.com, which includes real-time portfolio metrics updating the market on BTC holdings and key valuation metrics. The Company has also launched various social media accounts where the Company can provide updates to the BTC treasury strategy and where Ryan Lane, the Company\u2019s Co-CEO can explain the various ways Empery Digital thinks about efficiently adding BTC per share and opine on various topics and happenings within the blockchain ecosystem where he believes he has expertise.<\/p>\n Website Homepage<\/b>: https:\/\/www.emperydigital.com\/<\/a><\/p>\n Treasury Dashboard:<\/b>https:\/\/www.emperydigital.com\/treasury-dashboard<\/a><\/p>\n X (f\/k\/a Twitter) Account<\/b>: https:\/\/x.com\/EMPD_BTC<\/a><\/p>\n Treasury Instagram Account:<\/b>https:\/\/www.instagram.com\/empd_btc<\/a><\/p>\n YouTube Account:<\/b>https:\/\/www.youtube.com\/@emperydigital<\/a><\/p>\n Mobility Instagram Account<\/b>: https:\/\/www.instagram.com\/Volcon.ev\/<\/a><\/p>\n \nThese channels may be updated from time to time on our investor relations website. The information we post through these channels may be deemed material. The Company intends to use these channels as a means of complying with its disclosure obligations under Regulation FD and to provide broad, non-exclusionary distribution of information regarding the Company to the public, including information regarding market data for the Company\u2019s BTC holdings and key valuation metrics. Accordingly, investors are encouraged to monitor them in addition to our investor relations website, press releases, SEC filings, and public conference calls and webcasts. This list may be updated from time to time.<\/p>\n \nOn April 2, 2025, the U.S. imposed reciprocal tariffs on imports from various countries including China and Vietnam starting with a 10% baseline tariff. We continue to monitor the ongoing tariff situation, and we will modify our mobility business accordingly.<\/p>\n \nJohn Kim, the Company\u2019s Co-CEO, stated \u201ctariffs imposed by the current administration continue to impact the Company\u2019s cost for vehicles and parts manufactured in China and Vietnam. With the expected Vietnam tariff rate of 20%, the Company can continue sourcing from Vietnam, though it would likely result in a modest reduction in margins and a corresponding increase in retail pricing. The Company remains actively evaluating strategic alternatives, including U.S. assembly or shifting production as well as potentially adjusting selling prices to offset elevated import costs.\u201d<\/p>\n Financial highlights:<\/b><\/p>\n\n