Empery Digital (Nasdaq: EMPD) sold 1,400 Bitcoin for $87.1 million within the first year of its pivot to a Bitcoin treasury strategy. The sale represented roughly 48% of its Bitcoin holdings
Empery Digital (Nasdaq: EMPD) sold 1,400 Bitcoin for $87.1 million within the first year of its pivot to a Bitcoin treasury strategy.
The sale represented roughly 48% of its Bitcoin holdings before the transaction.
The company, formerly electric powersports maker Volcon, pivoted to a Bitcoin treasury strategy in July 2025. Bitcoin treasury companies hold BTC on their balance sheets as a core corporate strategy, often using equity or debt financing to build their reserves.
Empery disclosed the sale in a July 10 filing and said it sold the Bitcoin from May 7 to July 10 at an average price of $62,200 per BTC.
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The move comes as companies that adopted Bitcoin treasury strategies face pressure to balance crypto exposure with operating costs, debt obligations and new investment plans.
Empery’s sale adds to questions about whether Bitcoin treasury companies can maintain their accumulation strategies during market downturns.
Strategy, the largest corporate Bitcoin holder, sold 3,588 BTC for $216 million between June 29 and July 5. The company said it used the proceeds to fund distributions on preferred stock and replenish its U.S. dollar reserve.
As of July 10, Strategy held 843,775 BTC. Empery held 1,514 BTC, about $73.9 million in cash and $45 million in outstanding debt.
Empery said it used $10 million from the Bitcoin sale to repay outstanding debt on July 7.
The company had previously announced plans to invest $65 million for a 25% stake in an AI data center project.
Its July 10 filing said the sale proceeds would help fund that acquisition, but did not confirm whether the investment had closed or whether the full amount had been paid.
Empery also said the cash would cover elevated legal expenses related to shareholder litigation and support its ongoing operations.
At the time of writing, Empery shares traded at $3.83, up 0.66% on the day. Bitcoin traded near $63,900, down about 42% from its October 2025 all-time high.
