Empery Digital Sells 1,400 Bitcoin for $87 Million to Cover Expenses
Empery Digital has sold 1,400 Bitcoin for approximately $87.1 million to address debts and expenses, according to a report by Decrypt. This sale significantly reduces the firm's BTC holdings, which now total 1,514 Bitcoin worth around $96.5 million.
Empery Digital, a Nasdaq-listed firm, has sold nearly half of its Bitcoin holdings since May 7, unloading 1,400 BTC at an average price of $62,200 per coin. This transaction generated about $87.1 million in gross proceeds, which the firm is using for various expenses, including debt repayment, a property acquisition, and legal costs related to ongoing shareholder litigation.
The company allocated $10 million from the sale to pay down existing debt on July 7. The remaining funds are earmarked for a $65 million property acquisition, which involves a 25% stake in a private entity that is acquiring a site in the Midwest intended to be developed into a state-of-the-art AI data center. Empery Digital's financial disclosures indicate that, as of now, it holds 1,514 BTC, valued at nearly $96.5 million, alongside approximately $73.9 million in cash, and still has $45 million outstanding on its debt facility.
This latest move reflects a trend among corporate Bitcoin holders, who are increasingly leveraging their crypto reserves as liquid assets rather than simply maintaining them as long-term investments. As highlighted in the broader market context, similar strategies have been observed with institutions like MicroStrategy, which sold parts of its massive Bitcoin portfolio to fulfill financial obligations.
Decrypt reached out to Empery Digital for insights on how this sale might affect its treasury strategy moving forward, but no immediate response was available.
Summary based on original reporting by Decrypt Agent at Decrypt, originally published Jul 10, 2026. SolanaWire does not republish source content.
SK Hynix Launches $SKHY on Solana, Allows 24/7 Trading
SK Hynix's stock, $SKHY, is now tradable on Solana through Sunrise and affiliates like Backpack Securities. The tokenized stock enables global access to the company, which holds a significant market share in High-Bandwidth Memory, as reported by the Solana Foundation Blog.
4 hours ago·Solana Foundation Blog
U.S. Central Bank Digital Currency Faces Four-Year Ban Under Housing Law
The U.S. government faces a ban on launching a central bank digital currency (CBDC) as a provision of a new housing bill becomes law, despite President Donald Trump's refusal to sign it, according to CoinDesk. The temporary ban, which lasts four years, seeks to limit competition with private stablecoins, although there has not been a significant push for a digital dollar from the Federal Reserve.
4 hours ago·CoinDesk·Reported by Jesse Hamilton
Trump Declines to Sign Housing Bill With CBDC Provision, Automatic Law Imminent
President Donald Trump announced he will not sign a bipartisan housing bill that includes a ban on central bank digital currency (CBDC) issuance. The legislation will automatically become law at midnight unless Trump vetoes it, according to a report by Decrypt.
5 hours ago·Decrypt·Reported by Sander Lutz
Circle Stock Rises After Securing Federal Banking Charter Approval
Circle receives final approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank, a significant regulatory shift for the stablecoin issuer, according to Decrypt. The approval allows Circle to move its $73.2 billion stablecoin, USDC, to a unified federal framework, potentially enhancing asset management and transparency.
5 hours ago·Decrypt·Reported by André Beganski
Trending this week
Hyundai Implements Stablecoin Transfers for Cross-Border Payments
Hyundai has become the first major South Korean company to adopt stablecoin transfers for internal remittances, according to CoinDesk. The initiative utilizes the Avalanche blockchain to enhance efficiency in cross-border treasury transfers, significantly reducing transaction times.
5 hours ago·CoinDesk·Reported by Olivier Acuna
Standard Chartered Mischaracterizes Bitcoin Sales by Strategy as Temporary Issue
Standard Chartered claims the recent Bitcoin sales by Strategy are a short-term distraction and maintains its $100,000 price target for Bitcoin by the end of 2026, as reported by Decrypt. The bank believes the situation reflects a communication problem rather than a fundamental shift in market dynamics.
6 hours ago·Decrypt·Reported by Decrypt Agent
Crypto Consortium Launches Internet Court for AI Dispute Resolution
A consortium of firms including OKX, MetaMask, and Matter Labs supports the creation of an "Internet Court" designed for dispute resolution between AI agents, led by GenLayer Foundation. This initiative addresses the challenges faced by AI agents in resolving contractual disagreements without human intervention, according to CoinDesk.
8 hours ago·CoinDesk·Reported by Ian Allison
Robinhood Chain Launches with High Trade Volume and Meme Coin Activity
Robinhood Chain emerges as a competitive player in the crypto space, processing over $568 million in trading volume shortly after launch, as reported by Decrypt. Alongside, Circle secures a national bank charter, boosting its CRCL token by 10%.
8 hours ago·Decrypt·Reported by Tyler Warner
