According to the company's filing, Empery Digital sold 1,400 bitcoins for approximately $87.1 million over the past 2 months, with the average sale price of $62,200 per bitcoin since May 7. This marks the company's largest reduction of its bitcoin holdings to date.
The Nasdaq-listed firm plans to use the proceeds to repay $10 million in outstanding debt and fund a $65 million commitment to an AI data center project, securing a 25% ownership stake in a Hunt Properties-affiliated venture acquiring a U.S. industrial site with 150 megawatts of power capacity.