Nasdaq-listed Empery Digital has sold 1,400 Bitcoin since early May, reducing its total holdings by approximately 48%. The sale raised roughly $87.1 million to fund the firm's strategic pivot toward AI infrastructure. These transactions were confirmed between July 10 and 11, marking a significant shift in the company's asset allocation to support its new technological focus.
A group of ten unidentified investors utilized a massive Bitcoin position to overhaul leadership at the Nasdaq-listed firm and pivot toward AI infrastructure.
Read the full storyShareholders approved with a 90% majority the total liquidation of Bitcoin reserves and a voluntary delisting from Nasdaq to fund infrastructure shifts.
The company raised $11.7 million from Bitcoin sales to settle convertible obligations and streamline its balance sheet for an AI pivot.
The company seeks to exit its Bitcoin strategy and public markets entirely following a prior sale of 48% of its crypto holdings.
The company sold 1,400 Bitcoin units worth $87.1 million since May to strengthen its cash position and fund AI infrastructure.
The Nasdaq-listed firm liquidated 1,400 BTC to raise $87.1 million, signaling a strategic shift from crypto treasury to AI infrastructure.