Empery Digital Sells Half Its Bitcoin Holdings to Fund AI Data Center

Bitcoin treasury company Empery Digital (EMPD) has sold 1,400 Bitcoin (BTC) at an average price of $62,200, generating $87.1 million in proceeds. The sale, which reduced its holdings by 48% to 1,514 BTC, aims to fund a 25% stake in an AI data center venture with Hunt Properties and pay down $10 million in debt Source: CointelegraphSource: CoinDesk.

Investor Reaction

Shares initially rose 4.2% to $3.95, signaling investor approval amid waning confidence in Bitcoin treasury strategies. However, the stock later settled at $3.86, up 1.58% for the day Source: Cointelegraph.

Key Details

• Empery sold the BTC over the past two months, at an average of $62,200 per coin Source: Cointelegraph.
• The company stated it has no plans to accumulate more Bitcoin and may sell additional holdings for future opportunities Source: CoinDesk.
• The pivot follows pressure from major shareholder Tice P. Brown, who demanded the firm abandon its Bitcoin strategy and replace leadership Source: Cointelegraph.

Broader Context

Empery is among several Bitcoin treasury companies selling assets, including Strategy, which sold 3,588 BTC earlier in July. Analysts view this as part of a sector-wide shift from Bitcoin accumulation to AI-related investments Source: CointelegraphSource: CoinDesk.