Overview
- Empery disclosed July 10 that it sold 1,400 BTC between May 7 and July 10 for roughly $87.1 million at an average price of about $62,200 per coin.
- The company used $10 million of the proceeds to repay outstanding debt on July 7 and has earmarked the remainder for a pending property acquisition, legal expenses, and general operations.
- After the transactions Empery holds 1,514 BTC, about $73.9 million in cash, and roughly $45 million still outstanding on its debt facility.
- Empery said it will not continue accumulating Bitcoin and will shift future capital toward hyperscaler-anchored data-center deals, with the $65 million investment capped at a 25% stake in a 150 MW Midwest project developed with Hunt Properties.
- The move reflects a wider pattern of public Bitcoin-treasury firms selling holdings to meet conventional obligations and redeploy capital into AI infrastructure, a change that could reduce corporate demand for Bitcoin and redirect institutional capital into data-center projects pending the sale closing.