Empery Digital, a Nasdaq-listed company, sells a significant portion of its Bitcoin holdings, according to multiple outlets. The firm is reported to have dumped about half of its BTC portfolio by selling roughly 1,400 Bitcoin since May for approximately $87 million. The company says the proceeds support business expenses and a planned AI data center initiative. Reported uses of funds include costs related to the AI data center deal, legal expenses, and other operating requirements.
The sales follow earlier internal pressure on the company’s Bitcoin treasury strategy. Cointelegraph reports that months earlier a major shareholder urged Empery to abandon its Bitcoin treasury approach and to seek changes in leadership, including the resignation of the CEO and board. After the announced sales, Cointelegraph also notes that Empery shares rise, reflecting market reaction to the shift away from the BTC strategy.
Overall, the reporting portrays the Bitcoin sales as a reallocation of resources toward an AI-focused project, amid scrutiny of the firm’s prior treasury plans.
