Empery Digital Sells 1635 Bitcoin for $102.2 Million

Empery Digital has sold 1635 Bitcoin between July 1 and August 6, generating $102.2 million in revenue, reducing its holdings to 1279 units.

The sale includes 954 units used as collateral for a $35 million debt, while only 325 are unrestricted, down from 1375 on June 30.

This is not the first time Empery Digital has sold Bitcoin this year; it also sold 1167 units in the first half of the year, earning $80.1 million and using part of that revenue to purchase stocks worth $54 million, repay a $50 million debt, and cover another $10 million loan.

Following June 30, Empery Digital repaid $20 million in debt, resulting in the return of 585 Bitcoin from lenders, reducing the collateral amount to 954 units.