Publicly traded Empery Digital Inc. sold 1,400 Bitcoin since May 7 at an average price of about $62,200 per coin, generating roughly $87.1 million in gross proceeds, according to an SEC filing this week. The company used $10 million to retire outstanding debt on July 7, with the remainder earmarked for a previously announced property acquisition and legal expenses from ongoing stockholder litigation. The transaction reduced Empery Digital's Bitcoin treasury by nearly half, reflecting a shift among corporate Bitcoin holders who increasingly treat crypto reserves as a liquidity source for conventional financial obligations rather than purely long-term holdings.
Empery Digital Sells 1,400 Bitcoin Since May 7
Empery Digital disclosed it sold 1,400 BTC since May 7 at an average price of about $62,200 per coin, generating roughly $87.1 million in gross proceeds. The sale slashed the company's Bitcoin treasury by nearly half.
Company Allocates Proceeds to Debt and Property Deal
Of the $87.1 million in gross proceeds, $10 million went toward retiring outstanding debt on July 7. The remainder is earmarked for a previously announced property acquisition—pending completion of a purchase and sale agreement—as well as legal expenses stemming from stockholder litigation disclosed in the company's most recent quarterly report, along with general operating costs.
Empery Digital Holds 1,514 BTC as of July 10
As of July 10, Empery Digital held 1,514 BTC—currently valued at nearly $96.5 million—and approximately $73.9 million in cash, with $45 million still outstanding on its debt facility, the filing shows.
Firm Announces 25% Stake in AI Data Center Conversion
The $65 million property deal, announced on June 30, is for a "25% ownership [stake] into a private entity that is acquiring a strategically located Midwest facility to be converted into a state-of-the-art AI data center." Empery Digital Co-CEO Ryan Lane told Decrypt in a statement: "The investment signals a shift and indicates where the company plans to allocate capital going forward as we focus on delivering the most value to our shareholders."
Strategy Sells from Bitcoin Holdings for Dividend Payments
The disclosure offers a window into how corporate holders of Bitcoin are increasingly treating their crypto reserves as a liquidity source, selling down positions to meet conventional financial obligations rather than holding the asset purely as a long-term investment. The most prominent example is Bitcoin giant Strategy's recent sales from its $54 billion BTC stash, which have been done to fuel dividend payments for its preferred share offerings in an effort to cool concerns around its ability to meet its financial commitments. Such fears had helped tank the price of Strategy's MSTR common shares and its STRC preferred shares in recent weeks.
EMPD Stock Rises 2% on Friday
Empery Digital (EMPD) stock has ticked up about 2% on the day so far Friday, per data from Yahoo Finance, recently trading at $3.87. Shares are up more than 14% in the last month, but down about 15% so far this year.
FAQ
How much Bitcoin did Empery Digital sell since May 7?
Empery Digital sold 1,400 BTC since May 7 at an average price of about $62,200 per coin, generating roughly $87.1 million in gross proceeds.
What did Empery Digital do with the proceeds from Bitcoin sales?
The company used $10 million to retire outstanding debt on July 7. The remainder is earmarked for a previously announced property acquisition, legal expenses from stockholder litigation, and general operating costs.
How much Bitcoin does Empery Digital hold as of July 10?
As of July 10, Empery Digital held 1,514 BTC—currently valued at nearly $96.5 million—and approximately $73.9 million in cash, with $45 million still outstanding on its debt facility.
