Empery Digital Sells 1,400 Bitcoin for $87 Million, Uses Proceeds for AI Data-Center Stake and Debt Repayment

Empery Digital sold 1,400 bitcoin since May 7 at an average price of $62,200 each, generating $87.1 million in gross proceeds, coindesk.com reported. The company announced the transaction on July 10. The firm will apply the funds toward a 25% ownership stake in a Midwest facility slated for conversion into an AI data center.

It requires $65 million to complete that acquisition. Empery Digital repaid $10 million of debt on July 7 using sale proceeds. As of July 10 the company held 1,514 bitcoin and approximately $73.9 million in cash, with $45 million outstanding on its debt facility.

Co-CEO Ryan Lane said the company has no plans to purchase additional bitcoin and may sell more as opportunities arise. "Going forward, we plan to continue to allocate capital to similar hyperscaler-anchored opportunities," Lane stated. Empery Digital stock closed at $3.87 on July 11, up 2% that day.

Shares are down about 15% year to date but up more than 14% over the past month.