Empery Digital said it sold 1,635 Bitcoin for $102.2 million between July 1 and Aug. 6, a move that sharply reduced the amount of Bitcoin it can access without lender restrictions. After the sales, the Nasdaq-listed company reported total holdings of 1,279 BTC.
Of that remaining balance, 954 BTC was still pledged to a lender. That leaves 325 BTC unrestricted, based on the company’s disclosure, down from 1,375 unrestricted Bitcoin reported as of June 30.
Treasury position changed in just over five weeks
The latest filing shows a rapid reshaping of Empery Digital’s Bitcoin treasury over a little more than five weeks. On June 30, the company held 2,914 BTC in total. By Aug. 6, that figure had fallen to 1,279 BTC after the sale of 1,635 BTC.
The unrestricted portion fell even more sharply. Empery had reported 1,375 BTC as unrestricted at the end of June. With 954 BTC of its current holdings pledged to a lender, the company now has 325 BTC available without that encumbrance, a drop of about 76% from the earlier level.
Sales tied to debt reduction and other uses of capital
Empery’s disclosure indicates the Bitcoin sales were part of a wider capital allocation plan rather than a standalone treasury decision. The company linked the moves to debt repayment, share repurchases, and planned spending on data-center infrastructure.
After June 30, Empery repaid another $20 million under its master loan agreement. That reduced total borrowings from $55 million to $35 million. In connection with that repayment, the lender returned 585 BTC, bringing pledged collateral down to 954 BTC.
Property plan remains subject to due diligence
The filing also outlined a proposed property commitment valued at $62.1 million. That transaction has not been finalized and remains conditional.
Empery said the due-diligence period for the proposed commitment has been extended through Aug. 13, 2026. The company did not present the property plan as completed, and its status remains subject to that review process.
AI infrastructure expansion and funding outlook
Alongside the changes to its Bitcoin treasury, Empery said it has expanded into AI infrastructure through EMHU. The filing connects that effort with the company’s broader push into data-center-related investment.
Management also indicated that planned operations for more than the next year should be funded through a mix of cash, operating activity, borrowing capacity, and possible additional Bitcoin sales. That statement points to further flexibility in how the company may use its remaining treasury, while the next confirmed milestone is the Aug. 13, 2026 due-diligence deadline tied to the proposed property commitment.
Source: crypto.news