Empery Digital sells 1,400 BTC to raise ~$87M for debt and AI plans

Empery Digital (Nasdaq) sold 1,400 BTC since May 7, generating about $87.1M in gross proceeds at an average ~$62,200 per Bitcoin. As of July 10, it still held 1,514 BTC and about $73.9M in cash. Management said the BTC sales support its capital strategy. Proceeds are earmarked to repay debt, fund a previously announced property acquisition, cover legal expenses tied to ongoing stockholder litigation, and support operations. Empery repaid $10M on July 7 and has roughly $45M outstanding on its debt facility. The move also marks a reversal from last year’s Bitcoin treasury strategy, when Empery positioned itself as a “low cost, capital efficient” Bitcoin aggregator with more than 4,018 BTC disclosed in August 2025. The company previously warned further BTC sales could affect results and financial condition, and its annual report noted prior sales of 722 BTC for about $50M (Jan 1 to Mar 25, 2026). For traders, this is another example of BTC transitioning from “treasury” toward liquidity management around corporate obligations. Near-term, spot impact will depend on whether additional BTC sales follow; medium-term, sentiment could stabilize if the AI/real-estate funding reduces the need for further liquidation.