Empery Digital Sells 1,400 Bitcoin for $87.1 Million Over 2 Months to Fund AI Data Center

BTC0.64%

According to the company's filing, Empery Digital sold 1,400 bitcoins for approximately $87.1 million over the past 2 months, with the average sale price of $62,200 per bitcoin since May 7. This marks the company's largest reduction of its bitcoin holdings to date.

The Nasdaq-listed firm plans to use the proceeds to repay $10 million in outstanding debt and fund a $65 million commitment to an AI data center project, securing a 25% ownership stake in a Hunt Properties-affiliated venture acquiring a U.S. industrial site with 150 megawatts of power capacity.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments