Empery Digital shares rise after selling Bitcoin treasury to fund AI data center project
Cointelegraph 2026-07-12 01:00:54
Context: Empery Digital's shares increased after the company sold its Bitcoin treasury to fund a new artificial intelligence (AI) data center project. This move comes months after a significant shareholder pressured the firm to abandon its Bitcoin treasury strategy. The shareholder's actions led to the resignation of Empery Digital's CEO and board.
Key Facts
- Empery Digital's decision to sell its Bitcoin treasury was influenced by a major shareholder who demanded the company change its strategy and led to the resignation of its CEO and board.
- The company is using the funds from the sale of its Bitcoin treasury to finance a new AI data center project, though specific details about the project's scope and timeline are not provided.