Empery Digital Announces Update on Share Repurchase Program

What happened

Empery Digital said it repurchased 167,809 shares in the week ended October 30, 2026, at an average $2.88 per share, including fees and commissions, under its $200 million program. It reported 26,531,308 shares repurchased in total, 29,527,146 shares outstanding after accounting for potential warrant exercise, and about $50 million still authorized.

Confirmed

Global impact / market context

Buying back shares uses company cash to reduce the number of shares investors own, which can increase each remaining share’s proportion of the business. Empery says it sees its shares as significantly undervalued, but also plans to preserve cash for current commitments and possible AI infrastructure opportunities.

Analyst inference

The update shows the company balancing share repurchases against investment in its bitcoin treasury strategy and planned expansion into AI infrastructure. The remaining authorization indicates capacity to continue buying shares, but the stated need to fund commitments and future opportunities makes the pace dependent on cash priorities.

Analyst inference

What to watch

1. Track future repurchase updates for the number of shares bought and cash used; the company says purchases will be opportunistic rather than describing a fixed schedule. Confirmed
2. Watch for details on AI infrastructure investment and current commitments, since spending on those priorities could limit cash available for further buybacks. Analyst inference
3. Compare shares outstanding in later disclosures with the current 29,527,146 figure, allowing for potential warrant exercise, to assess whether repurchases are reducing the share count. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

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