Empery abandons part of Bitcoin treasury to tackle debt burden
Empery has sold 1,400 Bitcoin for about $87.1 million since May, using the proceeds to reduce debt, fund acquisitions, cover legal costs, and strengthen its cash position while scaling back part of its Bitcoin treasury. Summary Empery sold 1,400 BTC for $87.1 million to reduce debt and fund operations. The company now holds 1,514 BTC…
