Empery Digital Dumps 1,400 Bitcoin for $87.1 Million Since May 7

BTC-0.28%
According to an SEC filing, Empery Digital sold 1,400 Bitcoin since May 7 for approximately $87.1 million, cutting its BTC treasury by nearly half. The company allocated $10 million to debt repayment on July 7, with remaining proceeds earmarked for a pending property acquisition to develop an AI data center and to cover legal expenses from ongoing stockholder litigation. As of July 10, Empery Digital holds 1,514 BTC valued at roughly $96.5 million and $73.9 million in cash.
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