Empery Digital sold nearly half of its BTC holdings to fund an AI data center project and reduce debt. The move follows months of pressure from a major shareholder who demanded the firm abandon its Bi
Bitcoin treasury company Empery Digital recently sold 1,400 Bitcoin (BTC) for approximately $87.1 million to fund an AI data center project and pay down debt. The shares of EMPD rose by 4.2% within the first 35 minutes of trading on Friday.
Empery Digital had previously operated as a manufacturer of electric powersports vehicles before pivoting its strategy in mid-2025, when Bitcoin was approaching its all-time high of $126,080. The company now holds approximately 1,514 BTC, down from the peak of 4,081 BTC.
The decision to sell came under pressure from Tice P. Brown, a nearly 10% shareholder who demanded that EMPD abandon its Bitcoin buying strategy and called for the resignation of the CEO and board members. This reflects broader market sentiment against holding large amounts of cryptocurrency as an asset class.
While some investors viewed this sale positively due to the shift toward AI investments, others might be concerned about the company’s long-term commitment to crypto assets. EMPD's share price closed up 1.58% on Friday after initially rising by 4.2%, signaling a mixed reception among traders and stakeholders.
The move highlights the evolving dynamics within cryptocurrency companies as they adapt their strategies in response to market conditions and shareholder demands. It also underscores the potential for significant swings in asset allocation decisions, which can have far-reaching implications for both the company's financial health and broader market sentiment towards Bitcoin treasury strategies.
Traders should continue to monitor EMPD’s share price and its progress with the AI data center project. Additionally, they may want to keep an eye on how other companies within the cryptocurrency space adjust their own strategies in light of this development.
Source: Cointelegraph. Summarized and rewritten by the Vexoda Newsroom. This is market news, not financial advice.