Bitcoin treasury company Empery Digital (EMPD) said it sold 1,400 BTC over the past two months at an average price of $62,200, generating about $87.1 million in cash. The company said the proceeds will be used for an AI data center project and debt repayment. Part of the capital was allocated to acquire a 25% stake in an AI data center project, while another $10 million was used to pay down outstanding debt. After the sale, Empery Digital’s Bitcoin holdings fell 48% to 1,514 BTC, which the company said are worth about $97 million at current prices. EMPD shares rose as much as 4.2% shortly after the open and finished the session up 1.58%. According to the market view cited in the report, investors reacted positively to the company’s decision to shift part of its Bitcoin reserves into AI infrastructure.
Bitcoin treasury company Empery Digital (EMPD) said it sold 1,400 BTC over the past two months at an average price of $62,200, raising about $87.1 million in cash.
The company said the proceeds will be used to invest in an AI data center project and repay debt. Part of the funds went toward acquiring a 25% stake in an AI data center project, and another $10 million was used to pay off outstanding debt.
Bitcoin holdings drop to 1,514 BTC after the sale
Following the transaction, Empery Digital’s Bitcoin holdings fell 48% to 1,514 BTC. The company said those holdings are worth about $97 million at current prices.
EMPD shares rose after the disclosure
After the announcement, EMPD shares climbed as much as 4.2% early in the session before closing up 1.58%. The report said the market viewed the company’s move to convert part of its Bitcoin reserves into AI infrastructure investment positively.
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