Empery Digital's Bitcoin Treasury Sale Funds AI Datacenter Project

Empery Digital's shares surged after it disclosed trimming its Bitcoin treasury to fund new projects and reduce debt. In an SEC filing, the company revealed that it sold nearly half of its Bitcoin holdings over the past two months, raising about $87.1 million at an average price of $62,200 per coin.

The proceeds were used partly for a 25% stake in a Hunt Properties-affiliated venture targeting an industrial site conversion into an AI data center and to pay down outstanding debt of $10 million. Empery's Bitcoin holdings decreased by about 48% to 1,514 BTC following the sales.

The move reflects how corporate crypto strategies can shift when capital priorities change. It comes amid broader pressure on corporate Bitcoin holders, with some investors questioning whether 'hold and never sell' approaches are realistic when companies must fund operations or finance new growth initiatives.