Another Bitcoin treasury company “cuts losses”: sold 1,400 BTC to switch into AI, Empery Digital liquidated nearly half of its BTC reserves

Empery Digital sold 1,400 bitcoins over the past two months to cash out $87.1 million, pivoting to AI data centers and debt repayment while gradually winding down its Bitcoin treasury strategy.
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On Friday, the stock price of Bitcoin treasury company Empery Digital opened with a jump. The reason was not that BTC rose, but that the company announced it sold nearly half of its bitcoin holdings and moved the funds to invest in AI data centers. In an SEC filing, Empery Digital disclosed that over the past two months it sold 1,400 bitcoins at an average price of $62,200 per coin, raising approximately $87.1 million in cash. This indicates that the company’s Bitcoin treasury strategy is being phased out, with capital flowing to AI.

Sold BTC to fund AI data centers

Some of the proceeds were put into a joint venture in which Empery holds 25%. The company, Hunt Properties, is acquiring an industrial plot of land to be converted into an AI data center. In addition, another $10 million was used to repay corporate debt. After the news came out, EMPD briefly surged—its stock price rose 4.2% to $3.95 within the first 35 minutes of trading—before quickly falling again to close at $3.86 (up 1.58% at the close).

Cut from 4,081 to 1,514 bitcoins

Empery was originally an electric sports vehicle company, and in mid-2025 it shifted to a Bitcoin treasury strategy—at a time when BTC was racing toward its all-time high of $126,080 set in October. At its peak, it held 4,081 bitcoins. After this sale, its holdings shrank by 48% to 1,514 bitcoins, worth about $97 million based on the current price.

The sale also wasn’t without signs. Tice P. Brown, a major shareholder with nearly 10% of the stake, has been continuously pressuring the company since last year, urging it to abandon its Bitcoin strategy and demanding that the CEO and the entire board resign.

After all, even Strategy—the largest corporate Bitcoin holder—also sold 3,588 bitcoins earlier this month, cashing out $216 million, ending its pledge to “never sell Bitcoin.” The “buy only, never sell” model of Bitcoin treasury companies is being broken down step by step and moving toward greater flexibility.