Empery Digital (EMPD) announced Friday the sale of 1,400 bitcoins for $62,200 each, generating $87.1 million in proceeds.
Earlier in July, the company said it would need $65 million to close its 25% stake in a group acquiring a Midwest facility to convert into an AI data center.
Empery was among the hastily concluded SPAC deals during the digital asset treasury frenzy of 2025. The group’s results haven’t been pretty, with most seeing their stock prices collapse 90% or more from 2025 highs.
In what may be part of the process of bitcoin and crypto collapse, a growing group of these companies have become sellers of the digital assets they acquired in 2025.
Empery continues to hold 1,514 bitcoins, but said he has no plans to accumulate more and may sell additional BTC to fund other opportunities.
“Going forward, we plan to continue to allocate capital to similar opportunities anchored in hyperscalers,” said co-CEO Ryan Lane.
