Empery Digital announced that it has entered into a $100 million committed delayed draw term loan credit facility with Two Prime Lending, further strengthening its balance sheet and providing additional flexibility to execute its bitcoin-focused treasury strategy. Together with previously announced borrowing arrangements, this new facility expands the company’s total committed capacity to $150 million.
Under the terms of the agreement, Empery Digital may draw on the facility in one or more tranches of up to $100 million through October 12, 2026. All loans, including accrued interest and related obligations, will become due on that date, with an option for the company to extend repayment for an additional year, to October 12, 2027. The facility is structured to provide maximum flexibility and efficiency in the bitcoin-backed lending market.
The announcement follows the company’s decision to increase its authorized share repurchase program to $150 million, reflecting management’s continued focus on driving long-term shareholder value. The company’s goal remains to increase bitcoin per share through strategic and accretive repurchases at prices below net asset value (NAV).
As of October 10, 2025, Empery Digital has repurchased approximately 6,740,482 shares of its common stock at an average price of $7.61 per share, including all fees and commissions. Following these repurchases, around $99 million remains available under the expanded buyback authorization.
Company leadership emphasized that the new borrowing facility was structured to provide optimal flexibility and attractive terms. With no commitment fees, prepayment penalties, or recourse beyond the pledged bitcoin collateral, the agreement offers one of the most competitive interest rates available in the bitcoin-backed lending market.
Empery Digital continues to execute its strategy of aggregating bitcoin and enhancing bitcoin per share for investors through disciplined financial management and capital allocation. The firm’s treasury strategy is designed to outperform direct bitcoin holdings by combining prudent leverage, share repurchases, and active asset management.
Two Prime Lending, the lender on the new facility, is a leading provider of secured credit solutions to institutional bitcoin holders, offering over $3 billion in lending capacity. Its model prioritizes asset security, transparency, and long-term trust, with collateral held in segregated custody accounts.
KEY QUOTE:
“Management has negotiated a flexible borrowing facility that allows for a one-year extension, no commitment fees, no prepayment limitations, no prepayment fees, no recourse beyond the Bitcoin collateral and at what we believe to be in line with the lowest available interest rates in the bitcoin-backed lending market. We will continue to execute this strategy with a laser focus on increasing BTC per share in order to fulfill our objective to outperform holding BTC directly.”
— Ryan Lane, Chairman and Co-CEO of Empery Digital
