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The BIP 110 proposal would cap arbitrary data on Bitcoin for a year, but Saylor, Adam Back and others say turning a spam dispute into a consensus fight could create a bigger risk than the spam itself.
Empery Digital saw its shares rise after selling nearly half of its Bitcoin holdings, approximately 1,400 BTC, for about $87.1 million to fund a 25% stake in an AI data center project and to pay down $10 million in debt. This move came after significant pressure from major shareholder Tice P. Brown, who had urged the company to abandon its Bitcoin treasury strategy and replace its CEO and board. Empery’s Bitcoin holdings now stand at 1,514 BTC, down from a peak of 4,081. The positive market reaction reflects growing investor interest in AI initiatives amid waning confidence in Bitcoin treasury strategies.
