Empery Digital Cuts BTC Stack 48% to 1,514 Coins, Rotates $87.1M Into Cash and AI Property
SEC filing shows Nasdaq-listed Empery Digital sold 1,400 BTC at a $62,200 average, below spot, funding debt payoff, litigation and an AI data center deal.
An SEC filing reviewed by Decrypt shows Nasdaq-listed Empery Digital has offloaded 1,400 BTC since early May, pulling its treasury down to 1,514 BTC as of July 10. Reconstructing the math puts the pre-sale position at roughly 2,914 BTC, meaning the firm has cut close to 48% of its holdings in a single stretch.
Execution price vs. spot
The disposal generated approximately $87.1 million in gross proceeds at an average execution price of about $62,200 per BTC. That fill sits below Bitcoin’s current spot level of roughly $63,744, meaning the bulk of the sale cleared into a market that has since moved higher — a data point worth flagging for anyone modeling corporate treasury flows as a positioning signal.
Where the cash is going
Of the $87.1 million raised, $10 million was routed on July 7 toward retiring outstanding debt. The remaining proceeds are earmarked for a previously disclosed property acquisition tied to an AI data center deal, contingent on finalizing a purchase and sale agreement, plus legal costs tied to ongoing shareholder litigation against the company.
Post-sale, Empery Digital’s balance sheet shows approximately $73.9 million in cash alongside the remaining 1,514 BTC — a split exposure profile that replaces what was previously a near-pure Bitcoin treasury stance.
Reading against the treasury-company trend
The move runs counter to the accumulation-first playbook that has defined most public Bitcoin treasury vehicles this cycle. Rather than adding to its stack, Empery Digital is converting BTC into fiat and real estate exposure linked to AI infrastructure, while covering legal defense costs from the same pool of proceeds.
For on-chain researchers and analysts tracking corporate BTC flows, the filing offers a rare auditable case of a listed Bitcoin treasury company actively de-risking rather than expanding its position, with the sub-spot average execution price adding a quantifiable cost to the timing of that decision.
Read more: US Government Wallet Moves 4,036 ETH From BTC-e Cold Storage in $7.2M Shift