Since launching its treasury strategy in mid-July, Empery Digital has purchased over 3,500 BTC, spending approximately $412 million at an average buying price of approximately $117,700 per BTC. This is in line with other institutional treasury strategies similar to , where Bitcoin acts as both a hedge and a long-term store of value.
Ryan Lane, Co-CEO of Volcon, stated the intent for to become the “core” of their treasury strategy. In addition to accumulating BTC, Empery has also used short-dated put options with strike prices between $115,000 and $118,000 to both reduce its effective acquisition cost and provide some downside protection.