It’s Not Just Strategy: This Corporate Holder Sold $87M in Bitcoin
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Empery Digital, a publicly traded Bitcoin corporate treasury firm, sold 1,400 BTC for just over $87 million as it monetized holdings amid ongoing market pressure. The move highlights a shift from the earlier wave of corporate treasuries led by Michael Saylor's Strategy and signals potential additional selling pressure for crypto markets and Bitcoin price.
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Bitcoin corporate treasury firms became a major thing in the past couple of years, led, of course, by Michael Saylor’s Strategy. Several such entities emerged during more favorable times for the entire crypto industry. Now, though, the landscape has changed, and there’s a new seller on the horizon.
Empery Digital has disposed of 1,400 BTC for just over $87 million, becoming the latest publicly traded Bitcoin treasury firm to monetize part of its holdings amid ongoing market pressure.
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