Empery abandons part of Bitcoin treasury to tackle debt burden
Empery has sold 1,400 Bitcoin for about $87.1 million since May, using the proceeds to reduce debt, fund acquisitions, cover legal costs, and strengthen its cash position while scaling back part of its Bitcoin treasury. Bitcoin sales have strengthened Empery’s…
➤ Empery has sold 1,400 Bitcoin for $87.1 million to reduce debt, fund acquisitions, and cover legal costs, scaling back its Bitcoin treasury. ➤ The company now holds 1,514 BTC and $73.9 million in cash, prioritizing immediate financial obligations over further Bitcoin accumulation. ➤ This contrasts with other companies like Capital B, which is seeking funding to expand holdings, and Nakamoto Inc., which is refinancing debt while retaining most of its Bitcoin.
