---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-25-005371"
form_type: "8-K"
ticker: "EMPD"
cik: "0001829794"
company_name: "Empery Digital Inc."
filed_at: "2025-07-25T23:59:59+00:00"
generated_at: "2026-05-18T01:15:55.549296+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Volcon holds 3,183 BTC (~$375M) & authorizes $100M share repurchase

## Summary
- Holds 3,183.37 BTC bought for ~$375M, avg price $117,697/BTC.
- Board authorized up to $100M share repurchase over 24 months, effective through July 24, 2027.
- Sold short-term put contracts at $115k-$117k to potentially buy more BTC and collect premium.
- Treasury strategy aims to offer efficient BTC exposure through public equity structure.
- Repurchase program to support NAV/share and add BTC per share when trading below NAV.

## SEC filing metadata
- accession: 0001683168-25-005371
- form_type: 8-K
- ticker: EMPD
- cik: 0001829794
- company_name: Empery Digital Inc.
- filed_at: 2025-07-25T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829794/000168316825005371/0001683168-25-005371-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829794/000168316825005371/volcon_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-005371
- JSON: https://secwatch.observer/filing/0001683168-25-005371.json
- Plain text: https://secwatch.observer/filing/0001683168-25-005371.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.