Empery Digital has sold 1,400 Bitcoin since May 7 at an average price of $62,200 per coin, generating roughly $87.1 million in gross proceeds. The sale cut the company’s Bitcoin treasury by nearly half, according to the disclosed figures.
The company has already put part of that cash to work. On July 7, it used $10 million to reduce outstanding debt, while the rest was allocated across legal expenses, operating costs, and a pending real estate acquisition. Empery Digital said the legal spending is tied to an ongoing shareholder lawsuit previously disclosed in its financial statements.
Bitcoin holdings remain above 1,500 BTC after the sale
As of July 10, the company still held 1,514 BTC, valued at nearly $96.5 million at the time, along with about $73.9 million in cash reserves. A recent SEC filing also showed that Empery Digital continues to carry $45 million in outstanding debt under its facility.
In its disclosure, the company said the Bitcoin sale proceeds were directed to debt repayment, a strategic real estate investment, and legal costs connected to the shareholder litigation. Decrypt sought comment on whether the sale reflected a change in treasury strategy, but no response was received before publication.
$65 million property deal targets an AI data center project
On June 30, Empery Digital announced a $65 million property transaction. The agreement would give the company a 25% stake in a private entity planning to build an artificial intelligence data center in the Midwest.
The deal shows that the firm is using part of its balance sheet for tech-oriented assets beyond crypto holdings. Based on the company’s description, the project fits its interest in emerging technologies, with AI-related infrastructure now part of that allocation.
Shares rose on Friday but remain lower for the year
Empery Digital shares, traded under the EMPD ticker, rose about 2% on Friday to $3.87, according to Yahoo Finance data. Over the past month, the stock has gained more than 14%. Even so, it is still down roughly 15% on a year-to-date basis.
The report also pointed to similar moves elsewhere in the sector. Strategy, another major Bitcoin holder, recently sold part of its BTC reserves to fund dividend payments and address concerns around financial commitments, though the material did not disclose how much Bitcoin it sold.