BlockBeats News, July 11, Nasdaq-listed Bitcoin treasury company Empery Digital has cumulatively sold 1400 BTC since May 7, with an average selling price of around $62,200, totaling approximately $87.1 million in cash-out, shrinking its Bitcoin reserves by nearly half compared to the previous level.

The announcement indicates that $10 million of the proceeds was used to repay debt on July 7, while the remaining funds will be used for the previously announced AI data center-related real estate acquisition, shareholder litigation legal fees, and day-to-day operating expenses. The company previously announced a $65 million investment to acquire a 25% stake in an entity planning to build a Midwest AI data center project in the United States.

As of July 10, Empery Digital still holds 1514 BTC, valued at approximately $96.5 million at current prices, along with around $73.9 million in cash, and has an outstanding debt balance of $45 million.

Reports suggest that an increasing number of publicly traded companies holding Bitcoin reserves are starting to view BTC as a source of liquidity rather than just a long-term holding asset, leveraging the sale of a portion of their reserves to meet debt repayment, capital expenditures, and corporate operational traditional financing needs.