Nasdaq Firm Sells Half Its Bitcoin Holdings to Fund AI Data Center Push

Nasdaq-listed Empery Digital has sold nearly half of its Bitcoin holdings to fund its AI data center push. The company disclosed in a filing with the SEC that it had sold approximately 1,400 BTC at an average price of $62,200 per coin since May, raising around $87.1 million.

The proceeds will be used for debt repayment and investment in a $65 million AI data center development project in the U.S. Midwest. As of July 10, Empery Digital held 1,514 BTC, with remaining cash on hand of approximately $73.9 million.

This move exemplifies a growing trend among publicly traded companies using crypto assets as a liquidity source for business operations rather than as long-term holdings. The company has halted additional Bitcoin purchases and discontinued its net asset value dashboard.