SEC filings show that since May 7, Bitcoin treasury company Empery Digital has sold 1,400 BTC at an average price of about $62,200, generating approximately $87.1 million in proceeds. The company said the funds will be used to repay $10 million in debt, finance the previously announced real estate acquisition, and pay legal fees related to shareholder lawsuits and for day-to-day operating expenses. As of July 10, the company still holds 1,514 BTC, about $73.9 million in cash, and $45 million in outstanding debt.

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GateUser-423f10e3
· 15h ago
From May to July, it was sold off in a dispersed manner to avoid dumping and crashing the market—an experienced trading style.
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AncientKeysUnlockNewChains
· 19h ago
Using BTC as a financing tool for real estate acquisitions plus debt repayment is quite realistic.
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NightFlightPaperCrane
· 19h ago
Average cost basis is 62,200—this move is actually pretty solid; at least you didn’t end up getting stopped out.
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MinersUnderTheNeonBridge
· 19h ago
From 87.1 million to take-home pay, first pay off debts—an archetypal bear-market survival strategy; cash flow is king.
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MountainBeforeTheStorm
· 19h ago
The company has already included the shareholders’ lawsuit costs in the announcement—its transparency really is top-notch.
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BalanceScreenshotAfterTheRain
· 19h ago
1,514 still remain in the custody, which suggests they are not completely bearish—it’s more likely a tactical reduction in holdings.
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