Bitcoin treasury company Empery Digital sold about half of its BTC stack
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Empery Digital, a bitcoin treasury company, announced the sale of 1,400 bitcoin at an average price of $62,200 each, generating roughly $87.1 million in proceeds. This sale represents about half of the company's total bitcoin holdings, as it still retains 1,514 BTC. The funds raised from the sale are intended to help finance an AI data center project in the Midwest, where Empery holds a 25% stake in a group acquiring the facility for conversion.
Empery Digital originated from a wave of SPAC deals formed during 2025, when many companies sought to build digital asset treasuries. However, the initial enthusiasm has cooled significantly, with many such companies experiencing drastic share price declines of more than 90% from their 2025 peaks. Empery's move to sell a large portion of its bitcoin reflects a broader trend of these treasury companies becoming net sellers, likely as they look to realign their business models amid sustained losses in crypto markets.
The company’s co-CEO Ryan Lane indicated that Empery no longer plans to accumulate more bitcoin and may continue selling coins to fund opportunities focused on large-scale, hyperscaler-anchored infrastructure projects. This strategic pivot signals an increasing focus on traditional tech infrastructure investments rather than pure digital asset accumulation.
This development occurs amid a broader market context where digital assets have experienced three consecutive quarters of losses through Q2 2026, partly due to institutional capital rotation into AI equities and significant outflows from Bitcoin ETFs. Empery’s shift reflects the subdued sentiment in crypto markets but also suggests a potential stabilization as some players adjust their strategies toward sustainable growth opportunities outside the volatile digital asset space.