- Empery Digital, a Bitcoin treasury company listed on Nasdaq, sold approximately half of its Bitcoin reserves to finance investments in artificial intelligence data centers.
- The company sold a total of 1,400 BTC since May 7th, generating a total revenue of $87.1 million from the transactions.
- The average selling price of the Bitcoins was approximately $62,200, and the amount sold represented almost half of the company’s total Bitcoin reserves prior to the transaction.
- $10 million of the proceeds was used on July 7 to repay debts, while the remaining funds are planned for AI data center-related investments and operating expenses.
- Empery Digital plans to invest $65 million to acquire a 25 percent stake in a company developing an AI data center project in the US Midwest.
- As of July 10, the company reportedly still holds 1,514 BTC, valued at approximately $96.5 million at current prices.
- Empery Digital also has approximately $73.9 million in cash and $45 million in outstanding debt.
- The recent sale indicates that publicly traded companies holding Bitcoin reserves are beginning to use BTC not only as a long-term investment but also as a source of liquidity.
Empery Digital, a Nasdaq-listed Bitcoin treasury company, has sold approximately 1,400 BTC since May 7, representing nearly half of its total reserves. The sale, at an average price of $62,200 per Bitcoin, generated $87.1 million in proceeds.12345
The company plans to use $10 million of the proceeds to repay debts and allocate the remaining funds towards investments in AI data centers, legal expenses from shareholder lawsuits, and daily operations. Empery Digital previously announced a $65 million investment to acquire a 25% stake in a Midwest AI data center project.678
As of July 10, Empery Digital still holds 1,514 BTC, valued at approximately $96.5 million. The company also has $73.9 million in cash and $45 million in outstanding debt. This move reflects a trend among publicly traded companies to utilize Bitcoin not just as a long-term investment but also as a source of liquidity. Co-CEO Ryan Lane stated, "Going forward, we plan to continue to allocate capital to similar hyperscaler-anchored opportunities."91011
The recent sale indicates a shift in strategy for Empery Digital, as it prioritizes AI investments over its Bitcoin treasury ambitions.
“The sale involved 1,400 BTC at an average price of $62,200, generating $87.1 million. Empery Digital still holds 1,514 BTC worth $96.5 million and plans to use proceeds for AI data center investments and debt repayment.”
