Empery Digital Sells 1,400 Bitcoin to Fund AI Business Transformation and Debt Repayment

CoinFeed reported on July 11, citing The Block, that Nasdaq-listed company Empery Digital disclosed in an 8-K filing submitted on July 10 that it had sold 1,400 bitcoins at an average price of about $62,200 since May 7, cashing out approximately $87.1 million to repay $10 million in debt and fund a $65 million AI data center project. This investment will give Empery a 25% stake in a project affiliated with Hunt Properties, and the industrial land will be converted into an AI data center campus. Empery transformed from an electric sports vehicle manufacturer into a Bitcoin treasury company last July, raising over $500 million and accumulating over 4,000 BTC, ranking among the top 25 publicly listed Bitcoin holders.