Empery Digital Sells Half of Its Bitcoin Holdings to Invest in AI Data Centers, Stock Price Once Rose Over 4%

BlockBeats News, July 12: Bitcoin reserve company Empery Digital (EMPD) disclosed that it has sold 1,400 BTC over the past two months at an average price of $62,200 per Bitcoin, cashing out approximately $87.1 million. The proceeds were used to invest in AI data center projects and repay debts. Part of the funds were allocated to acquire a 25% equity stake in an AI data center project, while $10 million was used to repay outstanding debts. Following this sale, Empery Digital's Bitcoin holdings decreased by 48%, leaving the company with 1,514 BTC, valued at approximately $97 million at current prices. Influenced by the news, EMPD's stock price initially surged by 4.2% during early trading and ultimately closed up 1.58%. The market views the company's decision to convert part of its Bitcoin reserves into investments in AI infrastructure positively. [Original Link]