Leaderboard / Bitcoin Treasury / United States

Empery Digital (formerly Volcon) (EMPD) bitcoin per share

BTC per share

0.00005386

BTC held ÷ shares outstanding

Sats per share

5,385.98 sats

1 BTC = 100,000,000 sats

BTC held

1,514 BTC

as of July 10, 2026

Shares outstanding

28,110,000

basic, as of August 3, 2026

USD value per share

live BTC spot × BTC per share

Leaderboard rank

#22 of 81

Data confidence: high

Empery Digital (formerly Volcon) is a dedicated bitcoin treasury company, which means BTC per share is not a curiosity here. It is the product. When accumulation is the whole strategy, the only question that matters is how much bitcoin stands behind each share and whether that number is rising or falling. Listed on Nasdaq and based in the United States, it holds 1,514 BTC against 28,110,000 shares outstanding, which works out to 5,385.98 satoshis per share. That puts it at rank 22 of 81 on the bitcoinps.com leaderboard, in the upper half of listed corporate holders on a per-share basis.

The math

The calculation is deliberately simple: 1,514 BTC (as of July 10, 2026) divided by 28,110,000 basic shares (as of August 3, 2026) gives 0.00005386 BTC per share. Put another way, you would need roughly 18,567 shares to hold one full bitcoin through this stock. We rate this row high confidence: both the holdings figure and the share count trace to primary disclosures or well-corroborated sources.

Holdings context

This is one of the more interesting rows on the board: the company has been selling bitcoin while buying back its own stock. Selling coins cuts the numerator, but retiring shares cuts the denominator, and when the stock trades below its bitcoin value per share the swap can actually raise BTC per share.

Analyst note (2026-08-03): MAJOR UPDATE vs CoinGecko (2,914): sold 1,400 BTC since 2026-05-07 (~$87.1M gross, avg ~$62.2k) to repay debt and fund buybacks; held 1,514 BTC + ~$73.9M cash as of 2026-07-10. Aggressive $200M share repurchase program (24.6M shares bought back); ~2.6M pre-funded warrants outstanding. Share count shrinking, not ATM-issuing.

What would change this number

Share issuance (ATM programs and placings). This company has a record of funding itself, and in some periods funding bitcoin purchases, with new equity. Every share sold at the market adds to the denominator. Issuance above the stock's bitcoin value per share is accretive; issuance below it dilutes every existing holder's sats.
Buybacks. The company has been repurchasing its own shares. Buybacks shrink the denominator, so each remaining share represents more bitcoin, which is why treasury companies trading below their bitcoin value per share often prefer buybacks to new coin purchases.
Further bitcoin sales. Recent disclosures show the company selling bitcoin. Each sale reduces the numerator directly, and per-share exposure falls with it unless the proceeds retire shares or debt in a way that offsets the loss of coins.

Quick reference: at the current figure, roughly 18,567 shares of EMPD represent one full bitcoin.

Sources

Listed on Nasdaq. Figures carry their own as-of dates above; this page was generated on August 3, 2026. See how we compute bitcoin per share, or browse the full leaderboard.