Volcon changes name to Empery Digital, acquires 303 more bitcoin

Volcon Inc. has changed its name to Empery Digital Inc. and will trade on Nasdaq under the ticker symbol EMPD, effective July 31, 2025, according to a company statement.

The name change reflects the company's strategic shift toward bitcoin treasury operations. The company acquired an additional 303.04 bitcoin for $35.6 million since July 28, bringing total holdings to 3,803.23 bitcoin purchased for approximately $448 million at an average price of $117,706 per bitcoin.

Ryan Lane, Co-CEO and Chairman, said the rebrand aligns with the company's focus on bitcoin as a digital store of value. The company adopted its bitcoin treasury strategy on July 17, 2025.

Empery Digital expanded its at-the-market equity sales program to provide access to over $1 billion in capital through opportunistic share sales. The company also expanded its share repurchase plan to enable buying shares at discounts and selling at premiums.

The company will continue operating its electric power sports business under the Empery Mobility brand, focusing on an asset-light model that sources products for U.S. markets through international relationships, according to Co-CEO John Kim.

Empery Digital was originally founded as an all-electric power sports company manufacturing electric vehicles for outdoor recreation before pivoting to its current bitcoin-focused strategy.

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