The cost basis underscores the scale of the commitment. The Empery Funds’ position cost approximately $31,341,282, funded from their working capital, while Lane’s personal shares cost approximately $1,000,000, funded from his personal funds. Recent trades over the last 60 days were executed in the open market.
This accumulation is happening against a brutal price backdrop. One year ago, Empery Digital’s stock traded at $10. By Friday, August 7, 2026, it had fallen to $2.84, a decline of roughly 72% over the past year. The company’s Bitcoin treasury has cratered in parallel: from 4,018 BTC a year ago at an average cost of $117,552 per coin, to just 1,279 BTC as of August 6, 2026, a decline of 68%.
The treasury unwind has been aggressive. Between July 1 and August 6, 2026, Empery Digital sold 1,635 Bitcoin for approximately $102.2 million. Of the remaining 1,279 BTC, 954 BTC are pledged as collateral for a $35 million loan, leaving only 325 BTC unrestricted. That unrestricted pool stood at 1,375 BTC on June 30, 2026, meaning the freely available balance fell by about 76% in just over five weeks.