Empery Digital Sells 1,400 Bitcoin for $87.1M to Fund AI Data Centers, EMPD Up 1.58%

BTC-0.04%

According to BlockBeats, on July 12, bitcoin-reserve company Empery Digital (EMPD) disclosed that it liquidated 1,400 BTC over the past two months at an average price of $62,200 per coin, raising approximately $87.1 million. The proceeds are being deployed into an AI data center project investment and debt repayment.

The sale reduced EMPD's bitcoin holdings by 48%, leaving the company with 1,514 BTC currently valued at approximately $97 million. EMPD stock rose 1.58% at close, with shares climbing as much as 4.2% intraday.

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