This Business Holder Sold $87 Million in Bitcoin

The worrying trend has spread to new companies after the recent sales of many miners and Strategy.

Bitcoin corporate treasury companies have become a major feature over the past couple of years, led, of course, by Michael Saylor’s strategy. Several of these entities emerged during more favorable times for the entire crypto industry. But today, the landscape has changed and a new seller is on the horizon.

Empery Digital sold 1,400 BTC for just over $87 million, becoming the latest publicly traded Bitcoin cash company to monetize a portion of its holdings amid continued market pressure.

Empery also sells

The company released a Form 8-K filed with the U.S. Securities and Exchange Commission indicating that it sold the units between May 7 and July 10 at an average price of approximately $62,200 per bitcoin. As such, it has reduced its crypto reserve by almost half. As of July 10 filing day, Empery held 1,514 BTC, up from 2,914 before the sales, along with nearly $74 million in cash.

The company said it would use the profits to support several corporate priorities rather than signaling a complete withdrawal from Bitcoin. Emery Digital’s EMPD stock actually rose more than 1.5% on Friday after news of the BTC sale went viral.

The entity added that it used $10 million to repay part of its outstanding debt on July 7, leaving $45 million on its credit facility. Additional proceeds are reserved for ongoing operations and high legal costs related to shareholder disputes. A substantial portion of the newly acquired cash will be deployed to help finance a previously announced real estate acquisition.

It also plans to expand into AI infrastructure, agreeing to invest $65 million for a 25% stake in a Hunt Properties-managed entity that is acquiring and redeveloping an energy-intensive industrial facility in the United States.

Join the pack

As mentioned above, Empery Digital has joined a growing list of companies selling their BTC during this time of market distress. The largest cryptocurrency holding company has actually made two sales in recent months. The first was minor for just 32 units, while the second, announced earlier this week, was for a larger amount of 3,588 BTC.

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Analysts continue to debate whether this is simply a net negative development for Bitcoin or if there is more to it. The reality is that miners also took similar steps before Strategy. As reported in April, BTC miners sold more units in the first quarter of this year than in all of 2025 combined. On-chain data shows that they sold over 32,000 BTC in the first quarter, which was described as the largest quarterly liquidation on record.