Empery Digital sells 1,400 BTC for $87.1M, repays $10M and holds $73.9M cash
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Empery Digital sold 1,400 BTC for roughly $87.1 million and used proceeds to repay debt and fund operations.
Key Highlights:
- Sold 1,400 BTC at an average price of $62,200 per BTC, generating approximately $87.1 million gross proceeds.
- Used proceeds to repay $10 million of outstanding debt on July 7, 2026, reducing leverage.
- Proceeds earmarked to fund a previously announced property acquisition once the purchase agreement is consummated.
- Proceeds will also cover elevated legal expenses for ongoing stockholder litigation and general operations; treasury holds 1,514 BTC and ~$73.9M cash, $45M debt outstanding.
Original SEC Filing: Empery Digital Inc. [ EMPD ] - 8-K - Jul. 10, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.