TLDR
- Empery Digital sold 1,400 Bitcoin for around $87.1 million over two months
- Proceeds will fund a 25% stake in an AI data center project and repay $10 million in debt
- Shares rose 4.2% on the news before closing up 1.58% on the day
- The sale cuts Empery’s Bitcoin holdings by 48%, leaving it with 1,514 BTC worth roughly $100 million
- The move follows months of pressure from a major shareholder to abandon the company’s Bitcoin strategy
Empery Digital has sold nearly half its Bitcoin holdings to shift focus toward artificial intelligence infrastructure. The Nasdaq-listed company offloaded 1,400 Bitcoin at an average price of $62,200 per coin, bringing in around $87.1 million between May 7 and early July.
Bitcoin Treasury Firm Empery Digital Sells 1,400 $BTC to Fund AI Expansion
The Nasdaq-listed company raised $87.1 million by selling Bitcoin to repay debt, acquire property, and support its strategic shift toward AI and energy infrastructure. pic.twitter.com/Glow7uu7dq
— Crypto Patel (@CryptoPatel) July 11, 2026
The company said it will use the cash to fund a 25% stake in a Hunt Properties-affiliated venture. That venture is buying a power-rich industrial site in the United States to convert into an AI data center campus, with Empery committing $65 million to the project.
An additional $10 million from the sale went toward paying off outstanding debt. Some funds will also cover legal expenses.
Shares React Positively
Empery shares jumped 4.2% to $3.95 in early trading on Friday before pulling back to close at $3.86, up 1.58% on the day. The initial rise suggested investors were pleased with the shift away from Bitcoin accumulation.
The company still holds 1,514 Bitcoin worth close to $100 million, along with about $74 million in cash. Despite that, Empery stock remains down nearly 18% year-to-date and roughly 82% since it launched its Bitcoin treasury strategy last July.
Empery raised more than $500 million in July 2025 to launch that strategy after pivoting from its original business as an electric powersports vehicle maker, then known as Volcon. At its peak, the company held 4,081 Bitcoin, putting it among the top 25 publicly traded Bitcoin holders in the world.
Shareholder Pressure Played a Role
The sales come after months of criticism from Tice P. Brown, a near-10% shareholder in Empery. Brown called on the company to drop its Bitcoin-buying strategy entirely and demanded the resignation of the CEO and the full board.
The company had built its Bitcoin treasury when Bitcoin was approaching its all-time high of $126,080, set in October 2025. Since then, confidence in Bitcoin treasury strategies among investors has cooled.
Empery is not alone in adjusting its position. Strategy, the largest corporate Bitcoin holder, sold 3,588 Bitcoin worth $216 million earlier this month. That sale was used to cover dividend payments for holders of its preferred stock offering, known as Stretch, which had dropped below its $100 par value last month.
Strategy had long held a public position of never selling its Bitcoin, making the sale a clear change of direction. Its shares also rose after the news.
The broader trend shows some companies that adopted aggressive Bitcoin treasury strategies are now redirecting capital toward AI infrastructure, where investor appetite appears stronger.
Empery’s latest filing confirms the company still views itself as a Bitcoin holder, but the AI data center investment marks a clear shift in how it plans to grow.
