Empery Digital offloads half of its Bitcoin holdings, moving to AI data centers

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Golden Finance reported that on July 12, bitcoin reserve company Empery Digital (EMPD) disclosed that it had sold 1,400 BTC over the past two months at an average selling price of $62.2k,000, raising a total of about $87.10 million. The proceeds will be used to invest in an AI data center project and to repay debt.
Some of the funds were used to acquire 25% equity in an AI data center project, and an additional $10 million was used to repay outstanding debt. After this sale, Empery Digital’s BTC holdings fell by 48%. It currently holds 1,514 BTC, which is worth about $97 million at current prices.
Affected by the news, EMPD’s share price rose as much as 4.2% at the open, and ultimately closed up 1.58%. The market believes investors are taking a positive view of the company converting part of its bitcoin reserves into AI infrastructure investments.
BTC-0.71%
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