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Empery Digital

EMPD#21
United States
BTC Held2,914$186.2M
mNAV0.45xPremium over NAV
Stock Priceloading live…$3.01 0.33%Market Cap $84.6M
BTC YieldNot reported

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Acquisition History

Acquisition data not available.

Treasury Metrics

BTC price (live)$63,893.838
BTC reserve value$186.2M
% of market cap in BTC220.0%
Global ranking#21 of 52
Holdings data2026-07-30
Stock (24h) 0.33%

What is Empery Digital?

Empery Digital is a corporate Bitcoin treasury company launched in 2025 that quickly positioned itself among the twenty largest in the directory, accumulating more than 2,900 BTC in its first quarters of operation. It follows the Strategy model adapted to a smaller scale and to a market where the room for new treasury-first entrants is narrowing.

Founded2025
HeadquartersUS
CategoryPure corporate treasury
Holdings2,900+ BTC
ModelTreasury-first (post-Strategy era)
ListingSPAC 2025

History and model

Empery Digital was incorporated in 2025 as a treasury-first vehicle with the stated mission of accumulating Bitcoin as a corporate strategic reserve. It went public the same year via a SPAC process, taking advantage of the favourable window of institutional capital willing to finance new treasuries after the success of Strategy and the entry of Twenty One Capital. The model replicates the Strategy pattern operationally: continuous equity raises + immediate BTC purchases + quarterly Bitcoin per Share reporting.

Bitcoin strategy

Empery Digital adopts the continuous accumulation model with no target price, buying BTC in all market environments with available capital. The company periodically publishes the purchases made and maintains a public commitment to maximising Bitcoin per Share. As a young treasury, it has not yet developed Strategy's full arsenal of financing instruments, but the stated roadmap contemplates convertible bonds, an ATM and eventually perpetual preferred shares.

Financing vehicles

Empery primarily uses ATM equity raises with its common shares (programme active since its 2025 listing) and convertible bonds issued in the US market. The company has also used the PIPE (Private Investment in Public Equity) format to raise institutional capital without going through the open market. Perpetual preferred shares remain on the roadmap but are not yet launched as of 2026, a pending piece that distinguishes it from Strategy in the maturity of its instrument battery.

Position on SatsIntel

Empery Digital ranks seventeenth in the SatsIntel directory by BTC holdings and is one of the emerging treasuries of the post-XXI block: companies incorporated after 2024 that entered the sector taking advantage of the validation of the treasury model. Tracking Empery serves to assess the dynamics of recent entrants versus Strategy, especially the question of whether the room for new treasuries is becoming saturated. The editorial pillar on Bitcoin treasuries classifies Empery with the emerging pure treasuries.

Frequently asked questions

How many bitcoins does Empery Digital hold?

Empery Digital holds more than 2,900 BTC on its balance sheet, accumulated in its first quarters of operation since its 2025 launch.

When was Empery Digital founded?

Empery Digital was incorporated in 2025 as a pure treasury-first vehicle from day one, with no prior operating business. It went public the same year via SPAC.

How does Empery finance its BTC purchases?

Empery uses ATM equity raises with its common shares, convertible bonds and PIPE (Private Investment in Public Equity) to raise institutional capital. Perpetual preferred shares remain on the roadmap.

How does Empery differ from Twenty One Capital?

Twenty One is roughly 15× larger by BTC on the balance sheet and has exceptional institutional backing (Tether, SoftBank, Cantor) that opens atypical financing routes. Empery follows the more standard Strategy pattern without that institutional backing, which limits its raising capacity but keeps it a relevant top-20 treasury.

Which exchange does Empery trade on?

Empery Digital trades on a US exchange following its 2025 SPAC listing.

Read this profile in Spanish: ver ficha en español →

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Disclaimer: SatsIntel is for informational purposes only. It is not an authorized crypto-asset service provider (CASP) and does not provide financial, tax or legal advice. Crypto-assets are high-risk assets and may result in the total loss of the invested capital. See the legal terms.