Bitcoin treasury company Empery Digital sold about half of its BTC stack
CoinDesk 2026-07-11 12:25:05
Context: Empery Digital, a bitcoin treasury company, has sold approximately half of its bitcoin holdings, generating $87.1 million in proceeds. The company sold 1,400 bitcoin for $62,200 each and plans to use the funds to support an AI data center in the Midwest. This move marks a shift in Empery Digital's business strategy, swapping its bitcoin treasury ambitions for a focus on AI data centers.
Key Facts
- Empery Digital sold 1,400 bitcoin for $62,200 each, generating $87.1 million in proceeds, which will be used to fund an AI data center in the Midwest.
- The company still holds 1,514 bitcoin but does not intend to purchase more and may sell additional coins as opportunities arise.
- Empery Digital's decision to sell its bitcoin holdings comes as part of a larger trend of digital asset treasury companies formed during the 2025 frenzy, which have seen their share prices collapse by 90% or more from their 2025 highs.
- The company had previously announced that it would need $65 million to close its 25% ownership in a group acquiring a Midwest facility to be converted into an AI data center.
- Empery Digital's co-CEO, Ryan Lane, stated that the company plans to continue allocating capital to "hyperscaler-anchored opportunities" going forward.