Bitcoin-treasury company Empery Digital sold 1,635 $BTC for $102.2 million from July 1 through Aug. 6, leaving it with 1,279 $BTC, according to its latest quarterly filing.
Of that total, 954 $BTC was restricted as collateral against $35 million of debt. Subtracting the pledged balance from total holdings leaves 325 $BTC unrestricted, down from 1,375 at June 30.
The post-quarter sales rapidly reduced a treasury that had already been used to fund cash needs earlier in the year. Empery sold 1,167 $BTC for $80.1 million during the first half, when it spent $54.0 million on share repurchases, repaid $50.0 million on its Repo Facility and made a separate $10.0 million repayment under its master loan arrangement.
The company said both equity and Bitcoin-sale proceeds supported the Repo Facility repayment, but it did not allocate the amounts or trace one pool of sale proceeds to every use.
