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Empery Digital sells $87M in Bitcoin to repay debt and fund operations

Market News
10 Jul 2026
Crypto Briefing
View Source
Neutral
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Empery Digital, a Nasdaq-listed company, sold 1,400 Bitcoins since May 7, raising about $87.1 million at an average price of $62,200 per Bitcoin. This sale reduced their Bitcoin holdings to 1,514 BTC and increased cash reserves to $73.9 million as of July 10. The funds are being used to repay $10 million of debt, finance a property acquisition, cover legal costs from stockholder litigation, and support ongoing operations. This marks a shift from their previous Bitcoin treasury strategy, as the company had held over 4,018 BTC in August 2025 and had already sold some Bitcoin earlier in 2026.

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LCI Industries boosts profit despite sales drop, with 29% upside potential after price target cut.

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