Empery Digital: Another Ailing Business Turned Bitcoin Treasury
Main Idea
Empery Digital (formerly Volcon) is highlighted by The Value Lab, a long-only value investing group targeting a 4% portfolio yield, offering members real-time updates and investment insights.
Key Points
1. Empery Digital (NASDAQ:EMPD) was previously known as Volcon.
2. The Value Lab focuses on long-only value investment ideas targeting a portfolio yield of about 4%.
3. The group provides members with real-time portfolio updates, 24/7 chat support, regular earnings write-ups, and daily macro opinions.
4. The analyst discloses no stock, option, or derivative positions within the next 72 hours.
5. Seeking Alpha's disclosure notes that past performance is not indicative of future results and no specific investment advice is given.
Description
Summary Empery Digital pivoted from powersports to a Bitcoin treasury strategy, abandoning its original business which was encountering several post-COVID challenges. The company now holds $470 million in Bitcoin, with its market cap now tracking that NAV, offering no holding company upside, though multiples on NAV are common in this space. Empery is therefore a Bitcoin proxy for equity markets. We have never been convinced by Bitcoin. The only upside here other than further appreciation of Bitc...
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