The Nasdaq-listed Bitcoin treasury firm said in an SEC filing that it has sold the holdings since May at an average price of $62,200, with proceeds earmarked for debt repayment, property acquisition and legal expenses.
Empery Digital, a Nasdaq-listed Bitcoin treasury firm, disclosed in an SEC filing that it sold 1,400 BTC since May at an average price of $62,200, generating about $87.1 million. The company said the proceeds were used to repay debt, fund a property acquisition and cover legal expenses. The disclosure highlights how firms holding Bitcoin on their balance sheets can also tap those reserves as a source of liquidity when they need to meet corporate obligations or finance other transactions.