Nasdaq-listed Empery Digital said it has sold 1,400 Bitcoin since May, generating $87 million as it reduced nearly half of its BTC holdings. The company said the proceeds will help fund an AI data center deal, legal bills, and other expenses.
The move matters because Empery is part of the growing group of public companies using Bitcoin as a treasury asset. A large sale from a listed Bitcoin treasury firm shows how corporate holders may still convert crypto reserves into cash when business priorities, expansion plans, or liabilities require funding.
According to the source material, the sale was tied to several uses rather than a single stated reason. Empery cited an AI data center deal, legal costs, and other expenses as factors behind the decision to sell part of its Bitcoin position.
The transaction also highlights a practical tension for companies that hold Bitcoin on their balance sheets. While BTC can serve as a treasury asset, those holdings may be drawn down when companies need liquidity for operations, strategic deals, or corporate obligations.
Empery’s sale does not by itself establish a broader trend among corporate Bitcoin holders. But it adds a notable example of a public company reducing its crypto reserves to support non-crypto business needs.