Empery Digital Provides Update on Stock Buyback Initiative
Share Repurchase Update: Empery Digital Inc. has repurchased 2,582,256 shares of its common stock under a $100 million share repurchase program, leaving approximately $81 million available for future repurchases.
Commitment to Bitcoin Strategy: The company aims to increase bitcoin per share for shareholders through share repurchases below net asset value, funded by a $25 million borrowing facility, of which $21 million has been utilized.
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- Shareholder Discontent: Tice P. Brown, a 9% shareholder of Empery Digital Inc., expressed strong dissatisfaction with CEO Ryan Lane's management, calling for his immediate resignation and a complete board overhaul, highlighting serious concerns about corporate governance.
- Management Dereliction: Brown criticized the board for implementing a poison pill to block shareholder capital returns, indicating self-serving behavior that tarnishes the company's governance image and could undermine investor confidence.
- Financial Risk Alert: He warned of a $105 million margin loan that should be repaid by selling Bitcoin, signaling financial risks and high operational costs that may jeopardize future financial stability.
- Lack of Clear Strategy: Brown condemned the management for lacking a clear future plan, asserting that the company should liquidate assets immediately to maximize shareholder value, reflecting deep dissatisfaction with the company's strategic direction.
- Call for Resignation: Tice P. Brown, a 9% shareholder of Empery Digital Inc., demands the immediate resignation of CEO Ryan Lane and the entire Board due to the management's implementation of a poison pill that obstructs shareholder capital returns, indicating severe dissatisfaction with corporate governance.
- Mismanagement Allegations: Brown accuses the management of allowing employees to day-trade hundreds of millions in Bitcoin derivatives while lacking a concrete future plan, which undermines the company's operational goals and significantly impacts shareholder interests.
- Debt Concerns: He highlights a reckless $105 million margin loan that should be paid off immediately by selling Bitcoin, reflecting deep concerns about the company's financial health and the need to mitigate further financial risks.
- Social Media Controversy: Brown points out that CEO Ryan Lane has posted inappropriate content on social media, even using the corporate Twitter account to spread conspiracy theories, which reflects management's dereliction of duty and unprofessionalism, damaging the company's public image.
- Repurchase Program Expansion: Empery Digital has increased its share repurchase program from $150 million to $200 million, reflecting the company's confidence in its stock value and likely enhancing investor trust.
- Repurchase Progress: As of February 2, 2026, the company has repurchased 14.26 million shares at an average price of $6.90 per share, a move that not only boosts earnings per share but may also positively impact the stock price.
- Remaining Funds: Following the increase in the repurchase program, Empery Digital has approximately $102 million remaining for future stock buybacks, providing the company with flexibility to respond to market fluctuations and further enhance shareholder value.
- Market Reaction Expectations: The expansion of this repurchase program is likely to attract more investor attention, especially in the current market environment where stock buybacks are viewed as a crucial strategy for enhancing shareholder returns.
- Shareholder Rights Plan: Empery Digital has implemented a limited-duration shareholder rights plan effective immediately to counter ATG Capital's rapid stock accumulation without disclosed intentions, with the plan set to expire on February 2, 2027, aimed at protecting long-term shareholder interests.
- Increased Repurchase Program: The Board has raised the share repurchase program from $150 million to $200 million, with 14,264,933 shares repurchased at an average price of $6.90 as of February 2, 2026, demonstrating the company's commitment to enhancing shareholder value.
- Trigger Conditions Established: The rights plan stipulates that rights will become exercisable if any individual or group acquires over 12.5% of shares, allowing holders to purchase common stock at a 50% discount, ensuring fair compensation for shareholders during control changes.
- Legal Advisory Support: Ropes & Gray LLP is acting as legal counsel for Empery Digital, ensuring compliance with relevant laws and regulations during the implementation of the shareholder rights and repurchase plans, thereby bolstering shareholder confidence.
- Repurchase Program Update: Empery Digital has repurchased 14,041,998 shares under its $150 million share repurchase program at an average price of $6.94 per share, demonstrating the company's commitment to closing the gap between enterprise value and net asset value (NAV).
- Diverse Funding Sources: Future repurchases will be funded through a combination of bitcoin sales and debt financing, with management having drawn $105 million from its borrowing facilities, indicating the company's flexibility in optimizing its balance sheet.
- Derivative Trading Gains: The company has generated approximately $2 million in realized proceeds from disciplined derivative trading, which not only enhances the yield on its bitcoin holdings but also provides funding support for future repurchases, showcasing effective risk management.
- Management's Commitment to Transparency: Management is focused on maximizing shareholder value by implementing a custom real-time dashboard and enhancing corporate governance, reflecting the company's steadfast commitment to long-term strategic goals.
Share Repurchase Update: Empery Digital Inc. has repurchased 11.9 million shares under its $150 million share repurchase program, with approximately $63 million remaining for future repurchases.
Funding and Strategy: The repurchases have been funded through borrowings, with $90 million drawn from a borrowing facility, as the company aims to increase bitcoin per share through strategic share buybacks.
Market Perspective: Chairman Ryan Lane views the current market pressure on Bitcoin as an opportunity for impactful share repurchases, believing it will enhance the company's value in the long term.
Company Vision: Empery Digital focuses on digital asset management through blockchain, emphasizing a bitcoin treasury strategy to maximize shareholder value and drive progress in the industry.








