Empery Digital (EMPD) on Friday announced the sale of 1,400 bitcoin 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% ownership in a group acquiring a Midwest facility to be converted into an AI data center.
Empery was among the hastily formed SPAC deals during the 2025 digital asset treasury company frenzy. The results for the group haven’t been pretty, with most seeing share prices collapse by 90% or more from the 2025 highs.
In what could be part of the bottoming process for bitcoin and crypto, a growing group of these companies has become sellers of the digital assets they acquired in 2025.
Empery continues to hold 1,514 bitcoin but said it 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 hyperscaler-anchored opportunities,” said co-CEO Ryan Lane.