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Empery Digital Sells Half Its Bitcoin Stack to Fund AI

Empery is using the proceeds for an AI data center project in the Midwest. The company still holds 1,514 BTC and is not ruling out more sales.

By Mike Hesp
• 1 min read
Empery Digital Sells Half Its Bitcoin Stack to Fund AI

Key Takeaways

  • Empery Digital sold 1,400 Bitcoin on Friday at $62,200 each, generating $87.1 million.
  • The company plans to put the cash toward a stake in a project that is turning a Midwest facility into an AI data center.
  • After the sale, Empery still holds 1,514 Bitcoin and says it may sell more BTC for other opportunities.

Empery Digital sold 1,400 Bitcoin on Friday at $62,200 (€54,400) apiece, bringing in $87.1 million (€76.2 million). The move is another sign of how quickly the playbook for some public crypto treasury companies is changing now that the 2025 frenzy has cooled and capital is being redirected.

From BTC to Data Centers

In early July, Empery said it needed $65 million (€56.9 million) to finance its 25 percent stake in a group planning to convert a Midwest facility into an AI data center. The company was one of the fast-tracked SPAC listings from the 2025 wave of digital asset treasury firms, many of which have since dropped more than 90 percent from last year’s highs.

That weak performance has led several of these companies to rethink what they want to do with their crypto holdings. Rather than treating Bitcoin as a permanent balance sheet asset, some are now selling coins they bought earlier to help fund new bets. The shift also fits a wider pattern among public Bitcoin treasury companies adjusting their capital structure; Strategy recently opened the door to selective BTC sales as well, using them to support liquidity and preferred payments.

What This Says About the Market

Even after the sale, Empery still holds 1,514 Bitcoin, though it says it does not plan to buy more BTC. The company is also leaving the door open to selling additional Bitcoin if it finds other opportunities, while co-CEO Ryan Lane says it remains focused on similar hyperscaler-linked projects.

For European crypto watchers, the bigger point is that Bitcoin is now much more closely tied to broader capital allocation decisions than it was in the last cycle. At the same time, the push to build AI infrastructure is creating a new competition for funding, especially as demand for data centers and power capacity keeps rising quickly. That makes Bitcoin’s place on corporate balance sheets far less fixed than many investors once assumed.

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