Empery Digital Sells 1,400 BTC for $87.1M to Pay Down Debt and Finance AI Shift

Empery Digital, a bitcoin-treasury company listed on Nasdaq, sold 1,400 BTC for $87.1 million over the past month, according to a recent SEC filing. The company began selling on May 7 at an average price of $62,200, cutting nearly half of its bitcoin position in roughly four weeks. After the sales, Empery Digital reported holdings of 1,514 BTC, valued at about $96.5 million at current prices. The filing shows the company allocated $10 million of proceeds to repay a portion of its debt on July 7. It still has $45 million outstanding under its debt facility. Additional funds are being used for operating costs and legal expenses tied to ongoing stockholder litigation. Most of the remaining proceeds are earmarked for Empery Digital's push into artificial intelligence, including a previously announced $65 million property transaction unveiled in June with Hunt Properties. The deal would give Empery Digital a 25% stake in an AI data-center facility in the Midwest with 150MW of capacity and expansion potential to nearly 300MW. Empery Digital also said it plans to discontinue its treasury dashboard, arguing that net asset value based on BTC holdings no longer reflects what it considers the company's true NAV. The disclosure adds to signs that bitcoin-treasury firms are increasingly tapping BTC for liquidity. Strategy, the largest public bitcoin holder, sold 32 BTC in June and another 3,588 BTC for $216 million in July under its Bitcoin Monetization Program, which allows for raising up to $1.29 billion through bitcoin sales. The company adjusted its approach amid concerns about meeting dividend obligations for digital credit, using sale proceeds to build cash reserves to support dividends on its preferred shares, STRC. Other companies have also sold bitcoin this year, including miner MARA Holdings, which sold 20,880 BTC in Q1 2026 for $1.5 billion to repay debt and fund AI infrastructure. Bitcoin traded modestly higher on the day, briefly topping $64,000 before slipping back below that level.