Empery Digital repurchased 167,809 shares during the week ended Oct. 30, continuing its buyback program. The company said it sees its shares as significantly undervalued and plans to keep buying opportunistically, while preserving cash for existing commitments and potential AI infrastructure investments.
- Latest purchases: Empery paid an average of $2.88 per share, including fees and commissions. The purchases totaled about $483,000 based on that average price.
- Cumulative buybacks: The company has repurchased 26,531,308 shares in total under its $200 million program.
- Remaining authorization: About $50 million remains available for future repurchases.
- Share count: Empery reported 29,527,146 shares outstanding after accounting for the potential exercise of 1,653,686 pre-funded warrants.
- Capital allocation: The company says it will balance further repurchases against the need to fund current commitments and pursue AI infrastructure opportunities. Its stated strategy also includes a bitcoin treasury and expansion into AI infrastructure and data centers.
The update describes continued use of an existing repurchase authorization, rather than a new program. Further purchases are not fixed in amount or timing: Empery says it intends to buy shares opportunistically.