Empery Digital Sells 1,400 Bitcoin for $87.1M to Fund AI Data Center Stake in July

BTC-0.41%
According to CoinDesk, Nasdaq-listed bitcoin treasury company Empery Digital sold 1,400 bitcoin at an average price of $62,200 each on July 11, generating approximately $87.1 million in gross proceeds to fund a 25% stake in an AI data center project. The company announced earlier in July it would need $65 million to close the deal. Empery Digital currently holds 1,514 bitcoin and said it does not plan to purchase additional holdings but may sell more to fund future opportunities.
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