Empery Digital sells 1,400 Bitcoin for AI

• Empery Digital sold 1,400 Bitcoin (CRYPTO:BTC) for about US$87.1 million.
• The company used the funds to invest in an AI data centre project and repay US$10 million in debt.
• The sale follows shareholder pressure to reduce the company's Bitcoin treasury strategy.

Empery Digital sold 1,400 Bitcoin (CRYPTO:BTC) for about US$87.1 million to fund an AI data centre project and reduce debt.

The company sold the Bitcoin over the past two months at an average price of US$62,200 per coin, cutting its holdings by 48% to 1,514 BTC.

Empery said part of the proceeds funded a 25% stake in a Hunt Properties-backed venture that is buying an industrial site for an AI data centre.

The company also used US$10 million from the sale to repay outstanding debt, while keeping Bitcoin as part of its balance sheet.

Following the announcement, Empery Digital shares rose as much as 4.2% to US$3.95 before closing 1.58% higher at US$3.86.

The Bitcoin sale follows months of pressure from shareholder Tice P. Brown, who urged Empery to end its Bitcoin treasury strategy and called for the resignation of the company's leadership.

The move also follows a recent Strategy Bitcoin sale, with both companies using Bitcoin holdings to fund corporate needs rather than keeping them as long-term treasury assets.

At the time of reporting, Bitcoin price was $63,824.52