Wu Blockchain (@WuBlockchain): Bitcoin Treasury Firm Empery Digital Sold 1,400 BTC for $87.1M to Repay Debt, Fund Property Acquisition and Legal Expenses
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- BTC-30Negative
Bitcoin Treasury Firm Empery Digital Sold 1,400 BTC for $87.1M to Repay Debt, Fund Property Acquisition and Legal Expenses Nasdaq-listed Empery Digital disclosed in an SEC filing that it sold 1,400 BTC since May at an average price of $62,200, generating approximately $87.1 million in proceeds. The funds will be used to repay debt, support a previously announced property acquisition and cover legal expenses. The company has recently shifted its strategic focus toward AI infrastructure, including participation in a proposed $1 billion AI data center project alongside members of the Hunt and Crow families. Empery also announced it would discontinue public NAV disclosures based solely on bitcoin holdings, citing growing exposure to AI and energy infrastructure businesses.