Empery Digital shares rose on Friday after the firm disclosed it had sold nearly half its Bitcoin holdings to fund an AI data center project and pay down debt. The company sold 1,400 Bitcoin at an average of $62,200 a coin for roughly $87.1 million over the past two months. This sale trimmed Empery’s holdings by 48% to 1,514 Bitcoin, worth $97 million at current prices.
Recent Developments
The sales come months after a major Empery shareholder demanded the firm ditch its Bitcoin treasury strategy and force the resignation of its CEO and board. Empery Digital shares popped 4.2% to $3.95 within the first 35 minutes of trading on Friday, before closing up 1.58% on the day.
Industry Context
The Bitcoin sales follow a trend of companies reevaluating their Bitcoin treasury strategies, with Even Strategy, the largest corporate Bitcoin holder, selling 3,588 Bitcoin worth $216 million earlier this month. Empery had pivoted to a Bitcoin-centric treasury strategy in mid-2025 when Bitcoin was pushing towards its all-time high of $126,080 set in October. Some of the proceeds from the sale funded Empery’s 25% stake in a Hunt Properties-affiliated venture, which is acquiring an industrial site to be converted into an AI data center, while $10 million was used to pay off outstanding debt
Based on reporting from crypto.news.
