Empery Digital (EMPD) Investor presentation summary

Strategic positioning and market opportunity

• Acts as a bridge between capital markets and the digital asset revolution, offering real-time, transparent data reporting and managed by experienced capital market professionals.

• Provides access to Bitcoin exposure at a discount to market price, supported by digital asset veterans and strategic partnerships.

• Capital flywheel in place with $1B at-the-market equity offerings and $76M in share buybacks, increasing Bitcoin per share.

• Holds 4,081 Bitcoin, ranking among the top 25 public Bitcoin treasuries, with 95.5% of capital deployed into Bitcoin.

• Share repurchases have effectively increased Bitcoin yield per share by 25.2%.

Bitcoin investment thesis and market context

• Bitcoin is positioned as a scarce, global, decentralized, and resilient asset, with a fixed supply and over 10 years of market outperformance.

• Regulatory clarity is increasing, with new U.S. laws and frameworks supporting digital asset integration and adoption.

• Major institutions like BlackRock, Fidelity, and JPMorgan are integrating Bitcoin into portfolios and financial products.

• Bitcoin provides an uncorrelated hedge against global volatility, often rebounding strongly after market disruptions.

• Bitcoin's market cap has exceeded $2.1 trillion, with volatility declining and aligning with large global companies.

Capital management and value creation strategy

• Employs strategic capital raises and share repurchases to optimize capital structure and maximize Bitcoin per share.

• Utilizes institutional-grade custody, multi-custodian approaches, and derivatives to generate cash yield on the Bitcoin portfolio.

• Operates a rules-based execution framework, issuing or repurchasing shares based on disciplined NAV per share metrics.

• Maintains a clean balance sheet, robust risk management, and real-time third-party KPI reporting.

• NAV per share has outperformed Bitcoin price by 4.5% since the initiation of the Bitcoin treasury strategy.