Empery Digital Sold 1,635 Bitcoin for $102.2M, Holdings Drop to 1,279

Empery Digital liquidated 1,635 Bitcoin for $102.2M between July 1 and August 6. Holdings fell to 1,279 coins, with only 325 unencumbered amid debt repayments.

Woofun AI reports that Empery Digital sold 1,635 Bitcoin between July 1 and August 6, generating $102.2 million in cash proceeds. The company's total holdings decreased to 1,279 Bitcoin. Of this remaining balance, 954 Bitcoin serve as collateral for a $35 million debt, leaving just 325 Bitcoin unencumbered, a decline from 1,375 Bitcoin recorded on June 30.

In the first half of this year, Empery Digital sold 1,167 Bitcoin for $80.1 million. These funds were allocated to $54 million in share buybacks, $50 million to repay buyback financing, and $10 million for another loan. Following June 30, the firm repaid $20 million in debt, resulting in lenders returning 585 Bitcoin and reducing pledged assets from 1,539 to 954 Bitcoin. Empery Digital has invested $2.9 million in EMHU, a Texstack-managed real estate project, with a potential additional requirement of $62.1 million upon acquisition completion. The company also finalized a $20 million investment in Cardinal Data Power, securing approximately 8% equity. As of June 30, cash reserves stood at $3.7 million, including restricted funds, against a working capital shortfall of $5.7 million.