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Empery Digital sells 1,400 Bitcoin for about $87.1 million

The Nasdaq-listed firm said the proceeds went to repaying $10 million of debt, funding a pending property purchase tied to an AI data center plan, and covering legal expenses from stockholder litigation.

Reported · Written up by our desk · Market Structure

Empery Digital, a Nasdaq-listed company holding Bitcoin, said it sold 1,400 BTC for about $87.1 million since May 7, reducing its Bitcoin treasury by nearly half, according to a recent SEC filing cited by Decrypt.

The filing said the company used $10 million of the proceeds to repay outstanding debt on July 7, while the remainder is earmarked for a pending property acquisition, general operating costs, and legal expenses tied to a shareholder lawsuit described in its most recent quarterly report.

As of July 10, Empery Digital reported it holds 1,514 BTC and roughly $73.9 million in cash. The company also said about $45 million remains outstanding on its debt facility.

Decrypt noted the disclosure highlights how corporate Bitcoin holders are increasingly using their crypto reserves as a liquidity source rather than holding purely for long-term exposure, and pointed to Strategy’s recent Bitcoin sales to help finance dividend-related commitments amid market concerns.

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