Empery Digital, the Nasdaq-listed bitcoin treasury company trading under EMPD, has sold 1,400 BTC since May 7, 2026, generating about $87.1 million in proceeds at an average price of roughly $62,200 per coin, according to SEC filings cited by Decrypt and CoinDesk. The transactions reduced the company’s bitcoin reserves by nearly half.
The disclosure shows Empery Digital has started using part of its bitcoin holdings as a funding source rather than keeping them solely as treasury reserves.
Proceeds are being used for debt repayment, legal costs and an AI data center project
Empery Digital said $10 million of the proceeds was used on July 7 to repay debt. The remaining funds are earmarked for a previously announced real estate acquisition that will be converted into an AI data center, as well as legal expenses tied to shareholder litigation and general working capital.
As of July 10, the company still held 1,514 BTC, which the report valued at about $96.5 million, along with $73.9 million in cash. It also had $45 million in outstanding debt.
Company says it does not plan to raise equity near the current share price
In a July 1 press release, Empery Digital said it needed $65 million to complete the acquisition of a Midwest facility that is set to be redeveloped into an AI data center. The company said it expects to acquire a 25% stake in the private entity involved in the transaction.
Empery Digital also said its balance sheet already had sufficient funds and that it did not intend to issue new shares near the current stock price. Under a non-binding letter of intent signed by the parties, the project would use a triple-net lease structure, with all future build-out and operating costs to be borne by the prospective tenant.
Co-CEO Ryan Lane said the investment shows the company’s direction for future capital allocation. He also said Empery Digital has no current plan to accumulate more bitcoin and may continue selling BTC to fund similar opportunities.
Shift away from treasury accumulation highlights a broader DAT funding approach
Empery Digital’s move away from a bitcoin reserve strategy and toward AI data centers was presented as a sign that digital asset treasury companies, or DATs, are increasingly treating crypto reserves as a source of liquidity that can be sold to meet traditional financial obligations.
The report pointed to Strategy as another example. It said the bitcoin treasury firm has recently begun advancing a “digital credit capital framework” and has been gradually selling part of its bitcoin holdings to pay dividends on STRC preferred shares and replenish U.S. dollar cash reserves.
In terms of industry background, Empery Digital was described as one of the companies that went public through a SPAC structure during the 2025 digital asset reserve boom. The report said most of its peers have fallen more than 90% from their 2025 highs.
The same report added that as DAT companies start selling assets, the market may also be going through a bottoming phase.
Stock rose about 2% last Friday but remains down 17% this year
Empery Digital shares rose about 2% last Friday to close at $3.86. Even with that move, the stock was still down about 17% year to date.