EMPD News & Events

The tape today is a live test of how much geopolitical cooling can reflate the "digital gold" and "on-chain capital markets" trades at the same time. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.BITCOIN JUMPS BACK ABOVE $70,000 AS OIL COOLS:reports that bitcoin (BTC-USD) reclaimed $70,000 and dragged ether (ETH-USD) and XRPhigher after President Trump said the Iran conflict could end "very soon," easing the war-premium pressure that had built up in oil and haven trades.Bloombergadds that bitcoin briefly pushed above $71,000 alongside a bounce in equities as crude backed off recent highs, reversing part of last week's energy-driven risk-off move.Bloombergseparately reports that many Hong Kong-based family offices plan to add exposure to digital assets and private equity over the next three years, signaling that institutional appetite in Asia is firming even as Western retail sentiment remains fragile.SPOT BITCOIN ETFS SNAP BACK TO $167M AS STRIVE AND CIRCLE GET STREET UPGRADES:says U.S. spot bitcoin ETFs pulled in about $167M of net inflows on Monday, reversing roughly $577M of outflows from the prior Thursday and Friday as BlackRock'sIBIT led with $109M and Fidelity's FBTC added $60M. Total spot bitcoin ETF assets sit near $88.3B, even as ether, XRP, and solanafunds logged a third straight day of redemptions. On the sell-side, B. Riley analyst Fedor Shabalin initiated Strive Enterprises (ASST) at Buy rating with a $12 price target, citing a dual-engine model that combines a roughly 13,100 bitcoin corporate treasury with about $2.5B of ETF assets under management across 13 products.TOKENIZED STOCKS TOP $1B AS NASDAQ AND KRAKEN BUILD THE ON-CHAIN EQUITY GATEWAY:Cointelegraphreports that tokenized stocks have crossed $1B in outstanding on-chain value for the first time, with Ondo Finance controlling about 60.5% share, roughly $605M, and Kraken's xStocks at about $232M.The Wall Street Journalcontinues to cover Nasdaq's (NDAQ) partnership with Kraken parent Payward to build an issuer-sponsored equity-token gateway using xStocks, which has processed more than $25B in cumulative volume since its June 2025 launch and now counts 85,000-plus on-chain holders. The tokens are expected to go live through DTCC settlement in the first half of 2027, putting traditional voting and dividend mechanics on-chain.BITCOIN TREASURY PLAYS DIVERGE AS HYPERSCALE STACKS AND EMPERY SELLS INTO STRENGTH:A freshpress releaseshows Hyperscale Data (GPUS) holding 617.16 bitcoin, worth about $40.7M at March 8 prices, plus $42.2M of cash and restricted cash, for total bitcoin-plus-cash of roughly $82.9M, or about 138% of its equity market cap. Empery Digital (EMPD) is running the opposite book, with adisclosing that it sold 102 bitcoin last week at an average of $71,636, raising about $7.3M to fund buybacks and bolster cash, while still holding 3,562 bitcoin and having repurchased 20.175 million shares under a $200M program. On the M&A front,notes that Signing Day Sports (SGN) expects to close its BlockchAIn Digital Infrastructure merger on March 16, with the combined company to trade as "AIB" on NYSE American and operate a 40 MW South Carolina AI/HPC data center.ETHER WHALES REPOSITION AS BITMINE MOVES $19.5M TO COINBASE PRIME:shows Bitmine Immersion Technologies (BMNR) moved 9,608 ether, about $19.5M, into Coinbase Prime in two tranches today, routing through an intermediate wallet in a pattern consistent with institutional custody or staking rather than spot selling. Bitmine still controls more than 1 million ether across tracked wallets and disclosed 4.53 million ether, 195 bitcoin, and $1.2B in cash on March 9, with Chairman Tom Lee telling investors the firm stepped up purchases to about 61,000 ether last week, its largest weekly buy of 2026. Separately, an OG whale address completed a full liquidation by sending its final 5,082 ether, about $10.3M, to Coinbase, closing out a position that traces back to a 23,300 ether withdrawal from Kraken in October 2016 at roughly $10.37 per coin for a roughly 19,383% gain, while a different whale bought 10,158 ether for $21M at around $2,069 and holds about $83.6M in 20x leveraged bitcoin and ether longs with more than $3M in floating profit.Cointelegraphframes all of this against ether's 65% underperformance versus bitcoin since the proof-of-stake transition, with the "ultrasound money" narrative fading as post-Dencun fee burns decline and supply turns modestly inflationary.SEC FILINGS ROUNDUP FROM BULLISH TO PERSHING SQUARE TO SOLUNA:Bullish (BLSH) filed its20-F annual reportshowing $84.1B in February 2026 trading volume, an adjusted revenue jump to $288.5M from $213.9M, adjusted EBITDA of $94.3M, and gross liquid assets of $3.72B, but a statutory net loss of $785.5M driven by digital-asset impairments. Teucrium Commodity Trust alsoregisteredits 7RCC Spot Bitcoin and Carbon Credit Futures ETF on NYSE Arca, targeting an 80/20 split between bitcoin and regulated carbon credit futures.The Wall Street Journalreports that Bill Ackman's Pershing Square filed its N-2 IPO registration for a closed-end fund planning to list on the NYSE under ticker 'PSUS', with $2.8B already committed toward an anticipated $5B-$10B raise, and the filing includes "cryptocurrency," "blockchain," and "digital asset" within its risk factors and investment universe language. A Lazard Fundsdisclosurerevealed holdings in Coinbase (COIN), Riot Platforms (RIOT), CleanSpark (CLSK), and MARA Holdings (MARA). Soluna Holdings (SLNH) filed an8-Ka day after putting a $1B shelf registration on file, advancing its 83 MW wind-powered bitcoin mining facility in Texas with a projected 3.5 EH/s hashrate and $17M to $20M in annual revenue, plus a 350 MW Tier 3 AI campus on more than 500 acres. BitGo Holdings (BTGO) CEO Mike Belshe is presenting at the Canaccord Genuity Digital Assets Symposium today, fresh off announcements that BitGo will provide stablecoin infrastructure for SoFiUSD, the first stablecoin from a U.S. nationally chartered bank, and completed the first tokenized equity trades with Figureon the Provenance blockchain.PRICE ACTION:As of time of writing, bitcoin was trading at$71,354.18, while ether was trading at $2,068.70,.

Empery Digital has received two separate notice of nominations from ATG Capital Management and Tice Brown informing the Company of their intent to nominate directors to Empery Digital's Board of Directors at the Company's 2026 Annual Meeting of Stockholders. The date for the Annual Meeting has not yet been announced. The Nominating and Corporate Governance Committee of Empery Digital's Board will review the notice of nomination in accordance with the Company's bylaws and with the assistance of its legal counsel. The Board will make its formal recommendations regarding director nominations in the Company's proxy statement, which will be filed with the Securities and Exchange Commission and mailed to stockholders eligible to vote at the 2026 Annual Meeting. Empery Digital issued a statement, which read in part, "Empery Digital is focused on executing its strategy and driving value for all shareholders. Since announcing its treasury strategy, a little more than six months ago, Empery Digital has undergone a major transformation and now operates a low cost, capital efficient and highly transparent bitcoin treasury. While Empery Digital has traded at a discount to NAV, management has consistently acted in the best interests of its shareholders by implementing the largest share repurchase program within the digital asset treasury sector. At this time, we believe repurchasing shares below NAV is the best way to achieve our stated goal of increasing Bitcoin per share, closing the NAV gap and maximizing shareholder value, as evidenced by the approximately 40% reduction in the NAV gap and nearly 3% increase in Bitcoin per share since January 29, 2026. The successful execution of the Company's strategy has resulted in an approximately 39% increase in Bitcoin per share since its last Bitcoin purchase on August 27, 2025.Empery Digital has attempted to engage constructively with both ATG Capital and Mr. Brown, as we do with all shareholders, and reach a resolution that avoided a costly and distracting proxy campaign. ATG has refused Empery Digital's efforts and Mr. Brown has resorted to issuing false and abusive personal public attacks on management. The escalation of these campaigns has forced the Company to spend shareholder resources to defend itself, ultimately harming shareholders by reducing the amount of funds available to execute the current strategy to repurchase shares below NAV. ATG Capital, who has not spoken to a single company director or executive, is attempting to take control of our company without appropriately compensating all shareholders, a demand that ATG Capital made privately when it first contacted Empery Digital's counsel in early February and that Empery Digital's Board rejected to protect the interests of all shareholders. To date, ATG Capital has declined the Company's requests for a meeting. In addition, Empery Digital's Board and management team have already thoroughly evaluated Mr. Brown's well-publicized demands and determined that the mathematical analysis does not support an immediate liquidation of the Company's entire Bitcoin portfolio and therefore is not in the best interests of all shareholders. In fact, Mr. Brown's preferred strategy would have prevented shareholders from realizing the benefit from these significant increases in Bitcoin per share and deprive them of additional exposure from future increases. Empery Digital is disappointed Mr. Brown continues to misrepresent and distort the facts to advance his self-serving campaign. Empery Digital is led by a management team with deep capital markets and asset management expertise and is overseen by a highly qualified, independent and experienced Board whose collective experience spans digital assets, financial innovation and complex regulatory environments. Empery Digital's Board believes it has exactly the right team and incentive structure in place to support value creation for shareholders by maximizing bitcoin per share."

Empery Digital announced an update on its previously authorized share repurchase program. As of February 6, 2026, the Company has repurchased 15,403,738 shares of its common stock under its $200 million share repurchase program, at an average purchase price per share of $6.71, including all fees and commissions. Following these repurchases, the current number of shares outstanding is 36,016,497, after giving effect to the potential exercise of 870,240 pre-funded warrants. During the week ending February 6, 2026, the Company sold 357.7 BTC for an average price of $67,907 per BTC, generating approximately $24 million of gross proceeds. In addition to funding share repurchases, management intends to allocate a portion of sale proceeds to partially repay outstanding debt to prudently manage risk and release collateral given the recent increased volatility in bitcoin. The Company currently holds 3,723.7 BTC in its treasury.

Empery Digital announced it has entered into an agreement with Venom EV to divest the Volcon brand in exchange for a non-dilutable 10% equity position in Venom's reorganized Delaware corporation. Empery Digital transferred all Volcon intellectual property, brand assets, and sales networks associated with the brand other than its eBike, the Brat. The company will have the right to appoint one director to Venom's board and will continue to finance Venom's inventory.