Empery Digital Inc.

Monex Securities said Bitcoin is likely to see nervous trading next week, supported by risk-on sentiment from rising US stocks but pressured by caution over the FOMC minutes, the US-Iran situation, and corporate Bitcoin sales. As a near-term price range, it is watching an upside of 68,000 dollars per Bitcoin, or about 10.81 million yen, and a downside of 58,000 dollars, or about 9.22 million yen. It noted that if the minutes of the July FOMC meeting released on August 19 confirm a broadening of hawkish debate, selling pressure on Bitcoin could strengthen through higher US interest rates and a stronger dollar. On the US-Iran situation, it said the focus is on talks over normalizing the Strait of Hormuz, and that a breakdown in negotiations or renewed military tensions would weigh on Bitcoin through higher oil prices and inflation concerns. On corporate Bitcoin sales, it said Strategy has continued selling since July, and Empery Digital has also converted part of its Bitcoin holdings into cash, adding that if such moves spread to other holders, deteriorating supply-demand conditions could accelerate declines.

A growing number of listed companies that once held Bitcoin are reducing their positions or selling off all their digital assets to cope with volatility, debt burdens, and shifting business priorities. Satsuma Technology received shareholder approval to sell approximately 668 Bitcoin, worth around 43.5 million US dollars, to return capital to investors and delist from the London Stock Exchange. Bitdeer sold its entire remaining Bitcoin holdings of 943 Bitcoin in February 2026 to pivot toward AI data centers. Sequans Communications sold nearly all its Bitcoin to repay convertible bonds and buy back ADS shares, with no plans to purchase more, refocusing on its semiconductor business. Genius Group sold its entire Bitcoin treasury to repay about 8.5 million US dollars in debt. Prenetics sold 510 Bitcoin for 41.3 million US dollars and issued a policy banning future digital asset purchases. Among major holders that have not fully exited, MARA Holdings sold approximately 15,133 Bitcoin worth around 1.1 billion US dollars to repay convertible bonds. Empery Digital sold nearly half its Bitcoin to buy back shares and repay debt. Strategy sold about 3,620 Bitcoin worth nearly 138 million US dollars and launched a Bitcoin monetization program to bolster reserves and pay preferred stock dividends. Additionally, companies like Nakamoto Inc., Smarter Web Company, Cango, Exodus, and DigitalX are shifting toward more active crypto asset management strategies, selling when necessary for operations, acquisitions, or debt repayment. This reflects that Bitcoin is no longer seen as a forever-hold asset, with liquidity and capital allocation now driving decisions.