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Empery Digital sold 1,400 Bitcoin for about $87.1 million, reducing its holdings by roughly 48%. The Nasdaq-listed company is redirecting capital toward an artificial intelligence data center investment, debt repayment and legal costs.
Bitcoin sale leaves Empery with 1,514 BTC
Empery sold the Bitcoin between May 7 and July 10 at an average price of $62,200 per BTC. The company held 1,514 BTC after the transactions. The sale represented about 48% of the 2,914 BTC it held immediately before disposing of the coins. Empery also reported approximately $73.9 million in treasury cash as of July 10.
The disposal extends a series of Bitcoin sales by the company in 2026. Empery disclosed in its annual report that it sold 722 BTC for $50 million between Jan. 1 and March 25, recording a realized loss of $3.2 million.
Proceeds will support AI data center investment
Empery said the latest proceeds will help fund a previously announced property acquisition. The company has agreed to invest $65 million for a 25% stake in a private entity acquiring a Midwest industrial facility for conversion into an AI data center.
The facility currently has about 150 megawatts of available power capacity, with a potential expansion to roughly 300 megawatts. An affiliate of Hunt Properties manages the acquisition entity. The investment is expected to close in the third quarter, subject to customary conditions.
A prospective tenant has signed a non-binding letter of intent for a triple-net lease. The arrangement has not been finalized, and the potential tenant has not been publicly identified.
Company repays debt and covers legal expenses
Empery used $10 million of the proceeds to repay debt on July 7. It had $45 million outstanding under its debt facility after the payment.
The company will also use some of the cash for ongoing operations and elevated legal expenses connected to shareholder litigation. Empery referenced the dispute in its quarterly filing but did not disclose how much of the Bitcoin proceeds it expects to allocate to legal costs.
Empery moves away from Bitcoin accumulation
The sale reflects a change in Empery’s capital allocation strategy. The company previously described Bitcoin as its primary treasury asset and focused on increasing Bitcoin per share.
