Empery Digital sells nearly half of its Bitcoin reserves, cashing out $87.1 million to allocate for AI data centers

BlockBeats, July 11: Empery Digital, a Bitcoin treasury company listed on Nasdaq, has cumulatively sold 1,400 BTC since May 7. Its average selling price was about $62.2k, with total cash proceeds of roughly $87.1 million, shrinking its prior Bitcoin reserve size by nearly half.

The announcement shows that out of the proceeds, $10 million was used on July 7 to repay debts, while the remaining funds will be used for the previously announced real estate acquisitions related to AI data centers, shareholders’ lawsuit legal fees, and day-to-day operating expenses. The company had previously announced that it would invest $65 million to obtain a 25% equity stake in an entity planning to build an AI data center project in the US Midwest.

As of July 10, Empery Digital still holds 1,514 BTC, which is worth about $96.5 million based on current prices, while it also holds about $73.9 million in cash. Its outstanding debt balance is $45 million.

Reports say that an increasing number of publicly listed companies holding Bitcoin reserves are starting to use BTC as a liquidity source rather than only as a long-term holding asset—by selling part of their reserves to meet traditional financing needs such as debt repayment, capital expenditures, and corporate operations.