Bitcoin Treasury Firm Empery Digital Dumps Nearly Half of BTC Holdings for $87 Million

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Since May 7, Empery Digital sold 1,400 Bitcoin for about $87.1 million, slashing its BTC treasury by nearly half. The firm repaid $10 million in debt, funded a pending property acquisition, and covered legal costs from ongoing stockholder litigation. As of July 10, the company holds 1,514 BTC and roughly $73.9 million in cash. Publicly traded Empery Digital Inc. has sold nearly half its Bitcoin treasury since early May, using the proceeds to pay down debt, prepare for an AI-related real estate acquisition, and cover mounting legal bills tied to a shareholder lawsuit, according to an SEC filing this week. The company 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. Of that total, $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. 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.” As of Thursday, 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.

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