Bitcoin treasury 'Empery' sold 1,400
$BTC since May for $87.1M to cover debt, a property deal, and stockholder lawsuit costs.
Makes sense given the history. They bought at $117k average, got crushed on the drop, and shareholders forced a liquidation. they. are down to 1,514 $BTC from 4,000+ at peak.
Real story: $65M is going into an AI data center with Hunt Properties, and they're done buying $BTC entirely.
Another Bitcoin treasury quietly turning into an AI play.
Are you seeing this pattern too?