Empery Digital, a Nasdaq-listed firm focused on Bitcoin treasury services, says it has sold nearly half of its Bitcoin holdings. According to reporting summarized by multiple outlets, the company offloads 1,400 BTC since May, generating about $87 million. The sales are described as part of funding needs for ongoing business activities. Empery Digital characterizes the proceeds as supporting an AI data center deal, as well as covering legal expenses and other operating costs. The disclosures indicate the company is drawing down its BTC treasury rather than maintaining the size of its holdings. While one outlet frames the move as reflecting broader market and company-specific pressures, both sources agree on the core points: the amount sold, the approximate timing (since May), and the purpose for the proceeds as stated by the company. No source disputes the figures presented, and the reports focus on the shift in how Empery Digital uses its Bitcoin holdings to finance other initiatives.
Empery Digital sells about half its Bitcoin holdings, citing business expenses
Empery Digital, a Nasdaq-listed firm focused on Bitcoin treasury services, says it has sold nearly half of its Bitcoin holdings. According to reporting summarized by multiple outlets, the company offl...
- Empery Digital, a Nasdaq-listed company, sells Bitcoin from its treasury holdings.
- The company sells 1,400 BTC since May.
- The sales reportedly total about $87 million.
- Empery Digital says proceeds fund an AI data center deal.
- The company also cites legal bills and other expenses as reasons for selling BTC.
It's a sign of the times as the troubled company swaps its bitcoin treasury ambitions for AI data centers.
2 hours agoNasdaq-listed Empery Digital said it sold 1,400 Bitcoin since May to help fuel an AI data center deal, legal bills, and other expenses.
19 hours ago
Russia missiles and drones kill two and wound 19 in Ukraine, officials say
Russia launches a missile and drone attack on Ukraine on Saturday, killing two people and injuring 19 others, according...
Iran’s Supreme Leader Mojtaba Khamenei pledges revenge for father’s killing
Iran’s Supreme Leader Ayatollah Mojtaba Khamenei issues a written message pledging revenge for the killing of his father...
Investors await earnings season as markets price in a strong outlook
Markets are entering an anticipated high point for corporate results, with investors widely expecting a near-record earn...