Bitcoin Treasury Company Empire Digital Makes a Si
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Bitcoin Treasury Company Empire Digital Makes a Significant Change to its BTC Reserves! Here Are the Details
Empire Digital, one of the companies that places Bitcoin at the center of its treasury strategy, has made a significant change to its reserves. According to the company’s latest quarterly report, Empire Digital sold a total of 1,635 $BTC for $102.2 million between July 1 and August 6.
Following the sales, the total amount of Bitcoin held by the company decreased to 1,279 $BTC. According to the data, not all of these assets are for the company’s free use. 954 $BTC of Empire Digital’s Bitcoin holdings are pledged as collateral for a $35 million debt. Therefore, the amount of Bitcoin that the company has freely available for use, not pledged as collateral, is estimated at 325 $BTC.
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