Empery Digital has sold nearly half of its Bitcoin holdings since May, raising about $87.1 million to pay down debt, invest in an AI data center, and cover legal and operating costs.

What's the Scoop?

• The Sale: Empery sold 1,400 BTC since May 7 at an average price of about $62,200, according to an SEC filing this week. It used $10 million to repay debt on July 7. Most of the remaining proceeds are expected to fund a $65 million property deal tied to a Midwest AI data center project, as well as legal expenses from shareholder lawsuits and general business costs.
• Current Position: As of Thursday, Empery held 1,514 BTC worth roughly $96.5 million and about $73.9 million in cash. It still had $45 million outstanding on its debt facility. The company did not respond when asked whether the sales mark a broader change in its Bitcoin strategy.
• Stock Reaction: Empery shares rose on the news, reported Decrypt, with the stock is up more than 14% over the past month but remains down roughly 15% this year.
• The Strategy Parallel: The move resembles recent sales by Strategy, the largest corporate Bitcoin holder. Strategy sold about $215 million in BTC over the past two weeks to fund preferred stock payments and refill its cash reserve. Those sales appear to fall under a separate part of its program and do not count against the additional $1.25 billion it has authorized for building that reserve, meaning Strategy has far more room to sell Bitcoin than the headline limit suggests.

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BanklessDavid Christopher