Bitcoin Whale Sells $486M as Empery Digital Cuts 76% Holdings

A large Bitcoin whale has been on an aggressive selling spree, unloading $486.9 million worth of BTC over the past three weeks.

This whale sold another 1,019 BTC worth $66.4 million, bringing its total sold to 7,513 BTC. The continued selling activity suggests this entity may be exiting the market entirely.

Meanwhile, Empery Digital, a Bitcoin treasury company, has reduced its holdings by approximately 76% in just over three months. Since July, it has sold 1,635 BTC worth $102 million, with its unrestricted holdings falling to 325 BTC.

The firm's poor performance and declining stock price have forced it to liquidate assets to remain operational. It also faces a potential $62 million commitment related to a data center property purchase, further increasing the likelihood of selling or committing remaining Bitcoin.