Empery Digital sold 1,635 Bitcoin between July 1 and August 6, raising $102.2 million and trimming its holdings to 1,279 BTC, according to Bitcoin.com News. Of the remaining Bitcoin, 954 are pledged as collateral to secure a $35 million debt facility, leaving only 325 unencumbered—down sharply from 1,375 on June 30. During the first half, the company sold another 1,167 BTC for $80.1 million, then spent $54 million on share repurchases and repaid $50 million under repurchase financing plus a separate $10 million loan. After June 30, Empery repaid $20 million of debt and had 585 BTC returned by the lender, reducing collateral from 1,539 to 954 BTC. The firm has also committed $2.9 million to EMHU, a Texstack-managed real estate project, with a possible additional $62.1 million contribution if the acquisition closes. It completed a $20 million investment in Cardinal Data Power for roughly 8% equity. Cash, including restricted, stood at $3.7 million as of June 30, against a $5.7 million working capital deficit.
Digital asset firm Empery Digital sold 1,635 Bitcoin between July 1 and August 6, raising $102.2 million and cutting its holdings to 1,279 BTC, Bitcoin.com News reported.
Of the remaining coins, 954 BTC are pledged as collateral to secure a $35 million debt facility. That leaves just 325 BTC unencumbered, down from 1,375 at the end of June.
During the first six months of the year, Empery Digital also sold 1,167 BTC for $80.1 million. The company spent $54 million on share buybacks, repaid $50 million under its repurchase financing, and paid off a separate $10 million loan.
After June 30, the firm repaid $20 million of debt. The lender returned 585 BTC, reducing the collateral pool from 1,539 BTC to 954 BTC.
On the investment side, Empery Digital has put $2.9 million into EMHU, an independent real estate project managed by Texstack. If the acquisition goes through, the company could be required to contribute another $62.1 million.
The company also completed a $20 million investment in Cardinal Data Power, taking roughly an 8% equity stake. As of June 30, it held $3.7 million in cash, including restricted cash, and had a working capital deficit of $5.7 million. Bitcoin.com News first reported the details.
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