Skip to main content
Grafa
Cryptocurrency
Empery Digital cuts unrestricted Bitcoin holdings
Image for illustrative purposes only. Not a real photo.

Empery Digital cuts unrestricted Bitcoin holdings

Share
  • Empery Digital has reduced its unrestricted Bitcoin holdings by 76%, according to a report.
  • The report said the company has shifted more Bitcoin into restricted or collateral-backed holdings.
  • The change affects the amount of Bitcoin the company can use freely.

Empery Digital has reduced its unrestricted Bitcoin (CRYPTO:BTC) holdings by 76%, according to a report.

The report said the company moved more of its Bitcoin into restricted or collateral-backed holdings.

The change reduced the amount of Bitcoin available for unrestricted use, according to the report.

The report said the company has been adjusting its treasury and financing strategy.

Companies can restrict Bitcoin holdings when they use them as collateral for loans or other financial arrangements.

The report said Bitcoin-backed financing has become a more common funding option for some crypto companies.

The report said future changes to Empery Digital’s Bitcoin holdings will depend on its financing strategy and market conditions.

At the time of reporting, Bitcoin price was $65,090.53.

Frequently asked questions