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

Empery Digital’s Bitcoin treasury drawdown underscores how some corporate holders are using BTC as liquidity. In an SEC filing reported this week, the publicly traded firm said 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—nearly half of its treasury. The company used $10 million to repay debt on July 7, funded a pending $65 million property acquisition tied to an AI data-center plan, and covered legal costs linked to shareholder litigation plus general operating expenses. As of Thursday, Empery held 1,514 BTC valued near $96.5 million and about $73.9 million in cash, with $45 million still outstanding on its debt facility. Empery Digital shares were up around 2% Friday after the disclosure, with the stock around $3.87.