This company owner sold $87 million worth of Bitcoin

The worrying trend has extended to new companies following recent sales by several strategic miners.

Bitcoin treasuries have become a thing in the last couple of years, led of course by Michael Saylor’s strategy. Many of these entities emerged during more favorable times for the entire cryptocurrency industry. But now the landscape has changed, and there is a new vendor on the horizon.

Empery Digital offloaded 1,400 bitcoins for just over $87 million, becoming the latest publicly traded bitcoin treasury company to monetize a portion of its holdings amid ongoing market pressures.

Empyre also sells

Company Published Form 8-K filed With the US Securities and Exchange Commission noting that it sold units between May 7 and July 10 at an average price of about $62,200 per bitcoin. As such, it reduced its cryptocurrency reserve by almost half. As of filing day on July 10, Empery had 1,514 bitcoins compared to 2,914 before the sale, along with roughly $74 million in cash.

The company said it will use the proceeds to support several corporate priorities rather than signaling a complete withdrawal from Bitcoin. Empery Digital’s EMPD stock rose more than 1.5% on Friday after news of the Bitcoin sell-off broke.

The entity added that it used $10 million to pay part of its debt due on July 7, leaving $45 million under debt facilities. Additional proceeds are allocated to ongoing operations and higher legal expenses associated with shareholder lawsuits. It will distribute a significant portion of the newly acquired cash to help finance the previously announced real estate acquisition.

It also plans to expand into AI infrastructure, having agreed to invest $65 million for a 25% stake in an entity managed by Hunt Properties that is buying and redeveloping an energy-intensive industrial facility in the US.

Join the pack

As previously mentioned, Empery Digital has joined a growing list of companies selling their Bitcoin during this period of market distress. In fact, the largest holder of the cryptocurrency has made two sell-offs in the past few months. The first was small for only 32 units, while the second, Announce Earlier this week, the price was more significant at 3,588 BTC.

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Analysts continue to debate whether this is just a negative development for Bitcoin or there is more to the story. The fact is that miners also made similar moves before the strategy. As reported in April, Bitcoin miners sold more units in the first quarter of this year than in all of 2025. On-chain data shows that they shed over 32,000 BTC in the first quarter, which was described As the largest quarterly liquidation ever.