Bitcoin Treasury Firm Empery Digital Dumps Nearly Half of BTC Holdings for $87 Million
Empery Digital sold 1,400 BTC since May 7 at an average price of about $62,200, raising roughly $87.1 million. The company used $10 million to retire debt and plans to use the rest for an announced AI-related real estate acquisition, legal expenses from shareholder litigation, and general operating costs. The planned $65 million deal would buy a 25% stake in a private entity acquiring a Midwest property to convert into an AI data center. As of Thursday, Empery held 1,514 BTC and about $73.9 million in cash, with $45 million still outstanding on its debt facility. The filing highlights a broader trend of public Bitcoin holders using crypto reserves as a liquidity source rather than only as a long-term treasury asset. Empery stock was up slightly on Friday, and has risen over the past month but remains down for the year.
