The decision highlights a broader shift in strategy, as the struggling firm moves away from its bitcoin treasury focus and toward AI data center investments.
Empery Digital announced on Friday that it sold 1,400 bitcoin at an average price of $62,200, generating approximately $87.1 million in proceeds.
Earlier this month, the company said it required $65 million to finalize a 25% stake in a group acquiring a Midwest facility that will be transformed into an AI data center.
Empery was among a wave of companies formed through SPAC deals during the 2025 digital asset treasury boom. However, the sector has struggled significantly since then, with most firms seeing their share prices plunge by 90% or more from their peak levels.
In what could signal a broader bottoming trend for crypto markets, a growing number of these companies are now offloading the digital assets they accumulated during that period.
Empery still holds 1,514 bitcoin but has indicated it does not plan to add to its position and may sell additional holdings to fund other ventures.
Co-CEO Ryan Lane said the company plans to continue deploying capital into similar large-scale, hyperscaler-driven opportunities going forward.
